https://www.taxtmi.com/caselaws?id=97164 Penalty for non-issue of prescribed challans while sending inputs to job workers was held unwarranted where the accompanying documents contained all material particulars, the transactions were fully reconciled, Modvat credit had been correctly availed, and no duty evasion or revenue loss was shown. The omission was treated as a procedural lapse only, since it caused no prejudice to the Revenue and did not affect the substantive compliance of the transaction. On that basis, penal action was not justified and the assessee's challenge succeeded. en-us Thu, 12 Jul 2001 00:00:00 +0530 Sat, 14 Jan 2012 12:20:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97164 Penalty for non-issue of prescribed challans while sending inputs to job workers was held unwarranted where the accompanying documents contained all material particulars, the transactions were fully reconciled, Modvat credit had been correctly availed, and no duty evasion or revenue loss was shown. The omission was treated as a procedural lapse only, since it caused no prejudice to the Revenue and did not affect the substantive compliance of the transaction. On that basis, penal action was not justified and the assessee's challenge succeeded. Case-Laws Central Excise Thu, 12 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97164