https://www.taxtmi.com/caselaws?id=117421 Confiscation of manufactured goods found in the factory is not justified merely for non-entry of daily production in RG-1 where there is no allegation of clandestine removal or non-duty-paid clearance, and penalty is likewise unwarranted on that factual basis. Modvat credit on capital goods did not attract penal action where the credit was otherwise admissible, had been reversed and later availed on the stated facts, and the Board circular supported the absence of penalty. The Tribunal therefore found no ground to interfere with the Commissioner's order and dismissed the appeal. en-us Fri, 03 Feb 2006 00:00:00 +0530 Fri, 22 Jun 2012 15:41:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117421 Confiscation of manufactured goods found in the factory is not justified merely for non-entry of daily production in RG-1 where there is no allegation of clandestine removal or non-duty-paid clearance, and penalty is likewise unwarranted on that factual basis. Modvat credit on capital goods did not attract penal action where the credit was otherwise admissible, had been reversed and later availed on the stated facts, and the Board circular supported the absence of penalty. The Tribunal therefore found no ground to interfere with the Commissioner's order and dismissed the appeal. Case-Laws Central Excise Fri, 03 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117421