https://www.taxtmi.com/caselaws?id=107875 Wrong availment of Modvat credit justified imposition of penalty under the provisions invoked in the show cause notice, and the mere reference to additional provisions in the adjudication order did not vitiate the penalty once the default was otherwise established. The penalty therefore remained sustainable in principle. However, voluntary debit of the credit and the surrounding facts warranted interference with the quantum, so the penalty was reduced to Rs. 5,000 while the rest of the order was left undisturbed. en-us Mon, 07 Jul 2003 00:00:00 +0530 Tue, 27 Mar 2012 14:33:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107875 Wrong availment of Modvat credit justified imposition of penalty under the provisions invoked in the show cause notice, and the mere reference to additional provisions in the adjudication order did not vitiate the penalty once the default was otherwise established. The penalty therefore remained sustainable in principle. However, voluntary debit of the credit and the surrounding facts warranted interference with the quantum, so the penalty was reduced to Rs. 5,000 while the rest of the order was left undisturbed. Case-Laws Central Excise Mon, 07 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107875