https://www.taxtmi.com/caselaws?id=94427 Clandestine receipt, conversion and removal of M.S. billets was not proved because the transport records lacked proof of actual delivery, the cross-examination of transporters did not establish factory receipt, and the record did not show cogent evidence of unauthorised clearance. Deemed Modvat credit was held inadmissible once the billets were shown to be non-duty-paid, as the basis for such credit then disappeared. Penalty was sustained in principle for wrongful availment of credit but reduced as excessive on the facts, while confiscation of land, plant, building and machinery was set aside as unjustified. en-us Tue, 29 Jun 1999 00:00:00 +0530 Tue, 22 Nov 2011 13:30:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94427 Clandestine receipt, conversion and removal of M.S. billets was not proved because the transport records lacked proof of actual delivery, the cross-examination of transporters did not establish factory receipt, and the record did not show cogent evidence of unauthorised clearance. Deemed Modvat credit was held inadmissible once the billets were shown to be non-duty-paid, as the basis for such credit then disappeared. Penalty was sustained in principle for wrongful availment of credit but reduced as excessive on the facts, while confiscation of land, plant, building and machinery was set aside as unjustified. Case-Laws Central Excise Tue, 29 Jun 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94427