https://www.taxtmi.com/caselaws?id=113790 Voluntary reversal of Modvat credit could not be challenged for the first time in appeal where no contrary plea or supporting material had been placed before the adjudicating authority, so that objection failed. By contrast, denial of Modvat credit under Rule 57H for inputs in stock and inputs contained in finished goods required fresh verification of whether the inputs were duty paid and whether the invoices supported the claim. As the invoices had been seized and the assessee was to be given an opportunity to produce evidence, the credit issue was remanded for re-adjudication, with the penalty also left to depend on the result of that verification. en-us Thu, 01 Jan 2004 00:00:00 +0530 Tue, 08 May 2012 14:32:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113790 Voluntary reversal of Modvat credit could not be challenged for the first time in appeal where no contrary plea or supporting material had been placed before the adjudicating authority, so that objection failed. By contrast, denial of Modvat credit under Rule 57H for inputs in stock and inputs contained in finished goods required fresh verification of whether the inputs were duty paid and whether the invoices supported the claim. As the invoices had been seized and the assessee was to be given an opportunity to produce evidence, the credit issue was remanded for re-adjudication, with the penalty also left to depend on the result of that verification. Case-Laws Central Excise Thu, 01 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113790