https://www.taxtmi.com/caselaws?id=117039 The Tribunal set aside the Commissioner's order reducing the penalty imposed on the appellants for procedural violations in availing Modvat credit on inputs. It emphasized that if duty demand is annulled, penalty imposition should also be revoked, citing established legal principles. The Tribunal found the credit availed by the appellants lawful and duty discharged correctly, ultimately allowing the appeals and stressing adherence to settled legal principles in excise matters. en-us Wed, 26 Oct 2005 00:00:00 +0530 Tue, 19 Jun 2012 17:31:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117039 The Tribunal set aside the Commissioner's order reducing the penalty imposed on the appellants for procedural violations in availing Modvat credit on inputs. It emphasized that if duty demand is annulled, penalty imposition should also be revoked, citing established legal principles. The Tribunal found the credit availed by the appellants lawful and duty discharged correctly, ultimately allowing the appeals and stressing adherence to settled legal principles in excise matters. Case-Laws Central Excise Wed, 26 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117039