https://www.taxtmi.com/caselaws?id=114242 Procedural lapses in invoice endorsement or internal movement of duty-paid inputs within the factory did not, by themselves, justify denial of Modvat credit or imposition of penalty. The goods remained duty paid and were properly accounted for, and the record showed no revenue loss. The alleged defect was treated as an accounting irregularity rather than a substantive breach affecting credit entitlement. On that basis, denial of credit was not sustainable and the adverse penalty view could not be supported. en-us Wed, 07 Jan 2004 00:00:00 +0530 Mon, 14 May 2012 10:56:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114242 Procedural lapses in invoice endorsement or internal movement of duty-paid inputs within the factory did not, by themselves, justify denial of Modvat credit or imposition of penalty. The goods remained duty paid and were properly accounted for, and the record showed no revenue loss. The alleged defect was treated as an accounting irregularity rather than a substantive breach affecting credit entitlement. On that basis, denial of credit was not sustainable and the adverse penalty view could not be supported. Case-Laws Central Excise Wed, 07 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114242