https://www.taxtmi.com/caselaws?id=113938 The Tribunal set aside the Commissioner's decision to reverse Modvat credit and impose penalties on the appellant. The Tribunal found that the demand was not sustainable as there was insufficient evidence of deliberate evasion of duty by the appellant. Consequently, the penalties imposed on the Directors and Manager were deemed unnecessary. en-us Wed, 23 Jun 2004 00:00:00 +0530 Wed, 09 May 2012 13:14:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113938 The Tribunal set aside the Commissioner's decision to reverse Modvat credit and impose penalties on the appellant. The Tribunal found that the demand was not sustainable as there was insufficient evidence of deliberate evasion of duty by the appellant. Consequently, the penalties imposed on the Directors and Manager were deemed unnecessary. Case-Laws Central Excise Wed, 23 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113938