https://www.taxtmi.com/caselaws?id=99231 Penalty under Rule 173Q of the Central Excise Rules was held unsustainable where Modvat credit was taken only to the admissible extent despite invoices initially showing an incorrect duty figure, later corrected by supplementary invoices. The Tribunal found that the duty paid had been certified, the assessee had not availed any excess credit, and the Department did not show revenue prejudice. On those facts, the lower authorities' hyper-technical approach to the Modvat procedure was rejected and no penal action was warranted. en-us Mon, 09 Oct 2000 00:00:00 +0530 Wed, 25 Jan 2012 16:24:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99231 Penalty under Rule 173Q of the Central Excise Rules was held unsustainable where Modvat credit was taken only to the admissible extent despite invoices initially showing an incorrect duty figure, later corrected by supplementary invoices. The Tribunal found that the duty paid had been certified, the assessee had not availed any excess credit, and the Department did not show revenue prejudice. On those facts, the lower authorities' hyper-technical approach to the Modvat procedure was rejected and no penal action was warranted. Case-Laws Central Excise Mon, 09 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99231