https://www.taxtmi.com/caselaws?id=106703 The Appellate Tribunal CEGAT, Mumbai, ruled in favor of the appellant regarding the availment of Modvat credit in respect of inputs. The tribunal held that the disallowance of Modvat credit and penalty imposition were unjustified as there was no intent to evade duty, and the inputs were declared and utilized in manufacturing final products. The tribunal emphasized that the demand and penalty were time-barred, as all relevant details were known to the authorities within the statutory period, leading to the appeal's success and the setting aside of the demand and penalty. en-us Tue, 03 Sep 2002 00:00:00 +0530 Thu, 15 Mar 2012 13:00:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106703 The Appellate Tribunal CEGAT, Mumbai, ruled in favor of the appellant regarding the availment of Modvat credit in respect of inputs. The tribunal held that the disallowance of Modvat credit and penalty imposition were unjustified as there was no intent to evade duty, and the inputs were declared and utilized in manufacturing final products. The tribunal emphasized that the demand and penalty were time-barred, as all relevant details were known to the authorities within the statutory period, leading to the appeal's success and the setting aside of the demand and penalty. Case-Laws Central Excise Tue, 03 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106703