https://www.taxtmi.com/caselaws?id=112935 The court upheld the disallowance of Modvat credit amounting to Rs. 5,200 due to failure to submit required invoices. The penalty of Rs. 10,000 was reduced to Rs. 5,000 but maintained for wrongfully availing the credit, violating specific rules. Despite the appellants' argument of no intent to evade duty payment, the judge found the penalty justified under Rules 54, 57G(8), and 57A. The appeal was concluded with the upheld disallowance of Modvat credit and the modified penalty amount. en-us Tue, 09 Mar 2004 00:00:00 +0530 Wed, 02 May 2012 17:12:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112935 The court upheld the disallowance of Modvat credit amounting to Rs. 5,200 due to failure to submit required invoices. The penalty of Rs. 10,000 was reduced to Rs. 5,000 but maintained for wrongfully availing the credit, violating specific rules. Despite the appellants' argument of no intent to evade duty payment, the judge found the penalty justified under Rules 54, 57G(8), and 57A. The appeal was concluded with the upheld disallowance of Modvat credit and the modified penalty amount. Case-Laws Central Excise Tue, 09 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112935