https://www.taxtmi.com/caselaws?id=109891 Modvat credit on unwrought lead ingots and other inputs was held inadmissible because the assessee failed to prove that the inputs had actually suffered duty; mere purchase in the market or waived documentary proof was insufficient. The meaning of "duty paid" was applied consistently with Dhiren Chemical Industries, and the demand for reversal was upheld. On penalty, the finding of inadmissible credit was maintained, but the penalty was found excessive on the facts and reduced to a token amount of Rs. 1,000. en-us Fri, 20 Jun 2003 00:00:00 +0530 Thu, 12 Apr 2012 16:37:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109891 Modvat credit on unwrought lead ingots and other inputs was held inadmissible because the assessee failed to prove that the inputs had actually suffered duty; mere purchase in the market or waived documentary proof was insufficient. The meaning of "duty paid" was applied consistently with Dhiren Chemical Industries, and the demand for reversal was upheld. On penalty, the finding of inadmissible credit was maintained, but the penalty was found excessive on the facts and reduced to a token amount of Rs. 1,000. Case-Laws Central Excise Fri, 20 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109891