https://www.taxtmi.com/caselaws?id=116440 An excise law note states that recovery of wrongly availed Modvat credit on shortage of inputs may be sustained where the shortage is verified, admitted at the spot, and the credit is voluntarily reversed before notice. It explains that a show cause notice is not invalid merely because it refers to Section 11A instead of Rule 57-I, so long as all material facts are disclosed and the assessee is not taken by surprise. The note also records that penalty may follow wrongful availment of credit and clandestine clearance of finished goods without duty payment, reflecting established misconduct and supporting connected duty liability. en-us Thu, 21 Apr 2005 00:00:00 +0530 Tue, 12 Jun 2012 15:43:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116440 An excise law note states that recovery of wrongly availed Modvat credit on shortage of inputs may be sustained where the shortage is verified, admitted at the spot, and the credit is voluntarily reversed before notice. It explains that a show cause notice is not invalid merely because it refers to Section 11A instead of Rule 57-I, so long as all material facts are disclosed and the assessee is not taken by surprise. The note also records that penalty may follow wrongful availment of credit and clandestine clearance of finished goods without duty payment, reflecting established misconduct and supporting connected duty liability. Case-Laws Central Excise Thu, 21 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116440