https://www.taxtmi.com/caselaws?id=100938 Wrong utilisation of Modvat credit on inputs transferred between factories attracted penalty, but the penalty was reduced because the error was detected by the jurisdictional Superintendent and the deficiency was later made good by debit in the personal ledger account. In the absence of deliberate intent to misuse the credit, leniency was applied and the penalty was not sustained in full. The liability was modified by reducing the penalty from Rs. 30,000 to Rs. 15,000 on each factory, with relief granted to the assessee to that extent. en-us Tue, 18 Dec 2001 00:00:00 +0530 Wed, 08 Feb 2012 10:17:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100938 Wrong utilisation of Modvat credit on inputs transferred between factories attracted penalty, but the penalty was reduced because the error was detected by the jurisdictional Superintendent and the deficiency was later made good by debit in the personal ledger account. In the absence of deliberate intent to misuse the credit, leniency was applied and the penalty was not sustained in full. The liability was modified by reducing the penalty from Rs. 30,000 to Rs. 15,000 on each factory, with relief granted to the assessee to that extent. Case-Laws Central Excise Tue, 18 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100938