https://www.taxtmi.com/caselaws?id=92475 Modvat credit on ACSR conductors, cables and insulators was held admissible because the goods fell within the governing eligibility principles applied by the Larger Bench, and the disallowance was set aside. The penalty for wrongful availment was sustainable in principle, but it was reduced because most of the credit had not been utilised and a substantial part had already been reversed voluntarily. The impugned order was therefore modified to allow credit on the disputed items and substantially reduce the penalty. en-us Wed, 22 Sep 1999 00:00:00 +0530 Tue, 01 Nov 2011 18:10:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92475 Modvat credit on ACSR conductors, cables and insulators was held admissible because the goods fell within the governing eligibility principles applied by the Larger Bench, and the disallowance was set aside. The penalty for wrongful availment was sustainable in principle, but it was reduced because most of the credit had not been utilised and a substantial part had already been reversed voluntarily. The impugned order was therefore modified to allow credit on the disputed items and substantially reduce the penalty. Case-Laws Central Excise Wed, 22 Sep 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92475