https://www.taxtmi.com/caselaws?id=103971 Denial of Modvat credit could not be sustained on the existing record because the lower authorities had not properly examined whether MS angles and other inputs were used in or in relation to manufacture of the declared final products, or whether duty had already been suffered on those products. The assessee's explanation that the cleared goods were castings which became machinery parts after attachment of supports also remained unverified. As the factual and legal basis for the credit denial, consequential demand, and penalty had not been adequately investigated, the matter was sent back for de novo adjudication. en-us Fri, 01 Feb 2002 00:00:00 +0530 Sat, 25 Feb 2012 12:03:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103971 Denial of Modvat credit could not be sustained on the existing record because the lower authorities had not properly examined whether MS angles and other inputs were used in or in relation to manufacture of the declared final products, or whether duty had already been suffered on those products. The assessee's explanation that the cleared goods were castings which became machinery parts after attachment of supports also remained unverified. As the factual and legal basis for the credit denial, consequential demand, and penalty had not been adequately investigated, the matter was sent back for de novo adjudication. Case-Laws Central Excise Fri, 01 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103971