https://www.taxtmi.com/caselaws?id=117429 The Tribunal upheld the disallowance of Modvat credit for various inputs and the penalty imposed on the appellant. It found that the appellant's recrediting of the amount without proper authorization was not permissible under the law. However, the penalty imposed on the appellant was set aside as the recrediting was considered a reactionary response to the perceived loss of credit. The appeal on the penalty was allowed, while the appeal on the recrediting of Modvat credit was dismissed. The Tribunal emphasized the importance of following proper procedures and seeking appropriate permissions in such cases. en-us Tue, 07 Feb 2006 00:00:00 +0530 Fri, 22 Jun 2012 16:09:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117429 The Tribunal upheld the disallowance of Modvat credit for various inputs and the penalty imposed on the appellant. It found that the appellant's recrediting of the amount without proper authorization was not permissible under the law. However, the penalty imposed on the appellant was set aside as the recrediting was considered a reactionary response to the perceived loss of credit. The appeal on the penalty was allowed, while the appeal on the recrediting of Modvat credit was dismissed. The Tribunal emphasized the importance of following proper procedures and seeking appropriate permissions in such cases. Case-Laws Central Excise Tue, 07 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117429