https://www.taxtmi.com/caselaws?id=107201 Under the prescribed Modvat job-work procedure, credit reversal had to track the inputs actually removed and the goods admittedly cleared without processing; the Tribunal upheld the pro-rata reversals for the relatable credit and for the goods cleared as such. A separate duty demand on alleged finished goods not actually produced was unsustainable, and the consequential penalty under Section 11AC also failed. Confiscation was not attracted under one rule but was sustained under another, while the redemption fine, interest, and remaining penalties were maintained, subject to moderation of the personal penalties imposed on two individuals. en-us Fri, 24 Aug 2001 00:00:00 +0530 Mon, 19 Mar 2012 15:02:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107201 Under the prescribed Modvat job-work procedure, credit reversal had to track the inputs actually removed and the goods admittedly cleared without processing; the Tribunal upheld the pro-rata reversals for the relatable credit and for the goods cleared as such. A separate duty demand on alleged finished goods not actually produced was unsustainable, and the consequential penalty under Section 11AC also failed. Confiscation was not attracted under one rule but was sustained under another, while the redemption fine, interest, and remaining penalties were maintained, subject to moderation of the personal penalties imposed on two individuals. Case-Laws Central Excise Fri, 24 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107201