https://www.taxtmi.com/caselaws?id=95171 Variation in the nomenclature of inputs in declarations and invoices was treated as a technical discrepancy that did not defeat substantive Modvat credit entitlement. The scheme was applied as beneficial legislation and interpreted liberally because there was no evidence of mala fides or intent to defraud revenue. On that basis, credit could not be denied. The absence of fraudulent intent also meant the penalty had no sustainable foundation, so penalty was unjustified. en-us Tue, 05 Sep 2000 00:00:00 +0530 Thu, 08 Dec 2011 14:49:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95171 Variation in the nomenclature of inputs in declarations and invoices was treated as a technical discrepancy that did not defeat substantive Modvat credit entitlement. The scheme was applied as beneficial legislation and interpreted liberally because there was no evidence of mala fides or intent to defraud revenue. On that basis, credit could not be denied. The absence of fraudulent intent also meant the penalty had no sustainable foundation, so penalty was unjustified. Case-Laws Central Excise Tue, 05 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95171