https://www.taxtmi.com/caselaws?id=108825 Wrong utilisation of Modvat credit attracts penalty where the assessee fails to verify that the appropriate duty was paid on inputs, and a mere plea of inadvertence does not negate culpability. The tribunal held that Rule 173Q(1)(bb) applied because credit had been taken and used without reasonable steps to confirm the duty position, and the continued practice over time weakened the defence. Penalty was therefore sustained, but the quantum was reduced as excessive on the facts. en-us Thu, 23 Jan 2003 00:00:00 +0530 Wed, 04 Apr 2012 10:37:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108825 Wrong utilisation of Modvat credit attracts penalty where the assessee fails to verify that the appropriate duty was paid on inputs, and a mere plea of inadvertence does not negate culpability. The tribunal held that Rule 173Q(1)(bb) applied because credit had been taken and used without reasonable steps to confirm the duty position, and the continued practice over time weakened the defence. Penalty was therefore sustained, but the quantum was reduced as excessive on the facts. Case-Laws Central Excise Thu, 23 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108825