https://www.taxtmi.com/caselaws?id=114404 The Tribunal upheld the impugned order confirming duty and penalties against the company appellant for wrongly availing Modvat credit without cash duty payment, indicating lack of bona fide intention. Despite the company's corrective actions, penalties were reduced but upheld against all appellants, emphasizing adherence to duty payment conditions for claiming credits and penalizing wrongful credit availing. en-us Thu, 02 Sep 2004 00:00:00 +0530 Tue, 15 May 2012 14:16:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114404 The Tribunal upheld the impugned order confirming duty and penalties against the company appellant for wrongly availing Modvat credit without cash duty payment, indicating lack of bona fide intention. Despite the company's corrective actions, penalties were reduced but upheld against all appellants, emphasizing adherence to duty payment conditions for claiming credits and penalizing wrongful credit availing. Case-Laws Central Excise Thu, 02 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114404