https://www.taxtmi.com/caselaws?id=115799 The Appellate Tribunal CESTAT, New Delhi set aside the penalty of Rs. 50,000 imposed on the appellant in the appeal challenging the denial of Modvat credit for inputs used in mines. The judge considered conflicting views on the issue before the Supreme Court's clarification and noted the previous case where the penalty was set aside due to an interpretation issue. Emphasizing the importance of legal interpretation and consistency in penalty application, the judge concluded that the penalty was unwarranted, allowing the appeal. en-us Tue, 30 Nov 2004 00:00:00 +0530 Mon, 04 Jun 2012 11:51:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115799 The Appellate Tribunal CESTAT, New Delhi set aside the penalty of Rs. 50,000 imposed on the appellant in the appeal challenging the denial of Modvat credit for inputs used in mines. The judge considered conflicting views on the issue before the Supreme Court's clarification and noted the previous case where the penalty was set aside due to an interpretation issue. Emphasizing the importance of legal interpretation and consistency in penalty application, the judge concluded that the penalty was unwarranted, allowing the appeal. Case-Laws Central Excise Tue, 30 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115799