https://www.taxtmi.com/caselaws?id=114912 Modvat credit on M.S. angles, welding electrodes, plates, sheets, coils, cut plates and beams used for fabrication of plant and machinery depends on contemporaneous evidence proving actual use in or in relation to production, not merely erection of plant. Materials first produced at the appellate stage, without showing quantity or specific use in the machinery, are insufficient to establish admissibility. In such circumstances, the credit claim fails. Where wrong availment of credit is shown without evidence of deliberate misconduct of high gravity, penalty may be moderated to a lesser amount. en-us Wed, 22 Dec 2004 00:00:00 +0530 Tue, 22 May 2012 12:16:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114912 Modvat credit on M.S. angles, welding electrodes, plates, sheets, coils, cut plates and beams used for fabrication of plant and machinery depends on contemporaneous evidence proving actual use in or in relation to production, not merely erection of plant. Materials first produced at the appellate stage, without showing quantity or specific use in the machinery, are insufficient to establish admissibility. In such circumstances, the credit claim fails. Where wrong availment of credit is shown without evidence of deliberate misconduct of high gravity, penalty may be moderated to a lesser amount. Case-Laws Central Excise Wed, 22 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114912