https://www.taxtmi.com/caselaws?id=108475 The appeal was partially allowed, confirming the duty demand of Rs. 2,44,800 and the reversal of Modvat credit of Rs. 72,599. The penalties imposed on the appellant were upheld based on the findings that the chemicals in question did not qualify as "capital goods" under Rule 57T and discrepancies in the appellant's declarations regarding the use of the chemicals in manufacturing processes. en-us Thu, 10 Apr 2003 00:00:00 +0530 Sat, 31 Mar 2012 17:41:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108475 The appeal was partially allowed, confirming the duty demand of Rs. 2,44,800 and the reversal of Modvat credit of Rs. 72,599. The penalties imposed on the appellant were upheld based on the findings that the chemicals in question did not qualify as "capital goods" under Rule 57T and discrepancies in the appellant's declarations regarding the use of the chemicals in manufacturing processes. Case-Laws Central Excise Thu, 10 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108475