https://www.taxtmi.com/caselaws?id=114535 The Tribunal ruled in favor of the appellant in a case involving denial of Modvat credit and penalties. The denial of credit amounting to Rs. 1,70,000 was challenged, with the Tribunal agreeing that the inputs were used in production, not just in R&D. Similarly, the denial of credit of Rs. 8,511 for alleged R&D usage was overturned as the inputs were standardly tested in R&D before production use. The penalty for non-utilization of credit was set aside since the credit remained unutilized. The Tribunal directed the appellant to reverse the unutilized credit entry and emphasized the importance of actual input utilization for credit claims. en-us Mon, 11 Oct 2004 00:00:00 +0530 Wed, 16 May 2012 14:54:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114535 The Tribunal ruled in favor of the appellant in a case involving denial of Modvat credit and penalties. The denial of credit amounting to Rs. 1,70,000 was challenged, with the Tribunal agreeing that the inputs were used in production, not just in R&D. Similarly, the denial of credit of Rs. 8,511 for alleged R&D usage was overturned as the inputs were standardly tested in R&D before production use. The penalty for non-utilization of credit was set aside since the credit remained unutilized. The Tribunal directed the appellant to reverse the unutilized credit entry and emphasized the importance of actual input utilization for credit claims. Case-Laws Central Excise Mon, 11 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114535