https://www.taxtmi.com/caselaws?id=92675 The Tribunal upheld the Assistant Commissioner's order directing the firm to pay duty from PLA and take credit in RG 23A Part-II for irregular utilization of Modvat credit on final products without receiving correct inputs. The Tribunal found the penalty imposed under Rule 173Q unjustified due to lack of mens rea and no revenue loss, setting it aside. The appeal was allowed on these terms. en-us Tue, 20 Apr 1999 00:00:00 +0530 Fri, 04 Nov 2011 12:54:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92675 The Tribunal upheld the Assistant Commissioner's order directing the firm to pay duty from PLA and take credit in RG 23A Part-II for irregular utilization of Modvat credit on final products without receiving correct inputs. The Tribunal found the penalty imposed under Rule 173Q unjustified due to lack of mens rea and no revenue loss, setting it aside. The appeal was allowed on these terms. Case-Laws Central Excise Tue, 20 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92675