https://www.taxtmi.com/caselaws?id=100348 Detection of input shortage during departmental verification, followed by delayed reversal of Modvat credit, supported issuance of a penalty notice under Rule 173Q of the Central Excise Rules, 1944. As the demand was confined to appropriation of the amount already debited and imposition of penalty, and there was no prescribed limitation period for issuing such a penalty notice, the plea that the notice was time barred was rejected. The penalty was therefore held sustainable. en-us Mon, 09 Jul 2001 00:00:00 +0530 Wed, 01 Feb 2012 10:55:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100348 Detection of input shortage during departmental verification, followed by delayed reversal of Modvat credit, supported issuance of a penalty notice under Rule 173Q of the Central Excise Rules, 1944. As the demand was confined to appropriation of the amount already debited and imposition of penalty, and there was no prescribed limitation period for issuing such a penalty notice, the plea that the notice was time barred was rejected. The penalty was therefore held sustainable. Case-Laws Central Excise Mon, 09 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100348