https://www.taxtmi.com/caselaws?id=115958 The appellant successfully challenged the denial of Modvat credit on defective colour picture tubes and the valuation of TV sets sold, with the Tribunal ruling in their favor based on established precedents. Additionally, the denial of Modvat credit on four cabinet moulds was overturned, emphasizing that credit cannot be denied solely due to temporary non-usage. The penalty imposed on duty paid before the show-cause notice was also deemed unsustainable, aligning with precedent that penalties are not applicable in such cases. The appeals were disposed of in favor of the appellant, granting relief as per the law. en-us Wed, 02 Mar 2005 00:00:00 +0530 Wed, 06 Jun 2012 11:11:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115958 The appellant successfully challenged the denial of Modvat credit on defective colour picture tubes and the valuation of TV sets sold, with the Tribunal ruling in their favor based on established precedents. Additionally, the denial of Modvat credit on four cabinet moulds was overturned, emphasizing that credit cannot be denied solely due to temporary non-usage. The penalty imposed on duty paid before the show-cause notice was also deemed unsustainable, aligning with precedent that penalties are not applicable in such cases. The appeals were disposed of in favor of the appellant, granting relief as per the law. Case-Laws Central Excise Wed, 02 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115958