https://www.taxtmi.com/caselaws?id=114618 Duty and interest cannot be demanded on excisable goods that were never manufactured or cleared; where the unit had no manufacturing facility and no goods existed, the levy failed. Penalties under Central Excise law also could not be sustained because the paper transactions were found not to involve intent to evade duty. By contrast, Modvat credit taken on invoices without receipt of inputs was not allowable, so the denial of credit was upheld. en-us Tue, 21 Sep 2004 00:00:00 +0530 Thu, 06 Jun 2024 15:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114618 Duty and interest cannot be demanded on excisable goods that were never manufactured or cleared; where the unit had no manufacturing facility and no goods existed, the levy failed. Penalties under Central Excise law also could not be sustained because the paper transactions were found not to involve intent to evade duty. By contrast, Modvat credit taken on invoices without receipt of inputs was not allowable, so the denial of credit was upheld. Case-Laws Central Excise Tue, 21 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114618