https://www.taxtmi.com/caselaws?id=111659 Modvat credit on capital goods was held admissible where the goods were received in the factory, and the only breach was that the credit was entered in RG-23A Part II before installation. Because there was no evidence that the credit was wrongly utilised before installation, the lapse was treated as a procedural infraction under Rule 57T and the related notification and circular. Penalty was therefore not justified and was set aside. en-us Thu, 25 Mar 2004 00:00:00 +0530 Tue, 24 Apr 2012 16:00:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111659 Modvat credit on capital goods was held admissible where the goods were received in the factory, and the only breach was that the credit was entered in RG-23A Part II before installation. Because there was no evidence that the credit was wrongly utilised before installation, the lapse was treated as a procedural infraction under Rule 57T and the related notification and circular. Penalty was therefore not justified and was set aside. Case-Laws Central Excise Thu, 25 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111659