https://www.taxtmi.com/caselaws?id=98640 Wrongful utilisation of Modvat credit and removal of inputs without reversal of credit or duty payment attracted duty liability, which was upheld, but the company's penalty was reduced because duty and interest had already been paid and the original penalty was considered excessive. A separate penalty under Rule 173Q was held unsustainable where the same misconduct had already been penalised under other Central Excise Rules, and that penalty was deleted. The manager's direct involvement justified penalty, but his employee status warranted reduction, so the penalty was cut from the original amount. Overall, the duty and interest demands stood, while the penalties were moderated. en-us Mon, 13 Aug 2001 00:00:00 +0530 Sat, 21 Jan 2012 13:31:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98640 Wrongful utilisation of Modvat credit and removal of inputs without reversal of credit or duty payment attracted duty liability, which was upheld, but the company's penalty was reduced because duty and interest had already been paid and the original penalty was considered excessive. A separate penalty under Rule 173Q was held unsustainable where the same misconduct had already been penalised under other Central Excise Rules, and that penalty was deleted. The manager's direct involvement justified penalty, but his employee status warranted reduction, so the penalty was cut from the original amount. Overall, the duty and interest demands stood, while the penalties were moderated. Case-Laws Central Excise Mon, 13 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98640