https://www.taxtmi.com/caselaws?id=120579 Modvat credit disputes under Rule 57F(1) turn on whether inputs were subjected to manufacturing processes before removal and whether the duty paid on cleared goods exceeded the credit taken. Where contemporaneous records such as production log books show broaching, drilling, turning and tapping, the inputs are treated as having undergone bona fide processing, and documentary evidence is not displaced by a stray statement. If duty paid on the cleared goods is higher than the credit originally availed, no further duty is payable and denial of credit is not sustainable. In the absence of proof of suppression or intent to evade, the extended limitation period and penalty also fail. en-us Tue, 26 Dec 2006 00:00:00 +0530 Thu, 08 Feb 2024 15:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120579 Modvat credit disputes under Rule 57F(1) turn on whether inputs were subjected to manufacturing processes before removal and whether the duty paid on cleared goods exceeded the credit taken. Where contemporaneous records such as production log books show broaching, drilling, turning and tapping, the inputs are treated as having undergone bona fide processing, and documentary evidence is not displaced by a stray statement. If duty paid on the cleared goods is higher than the credit originally availed, no further duty is payable and denial of credit is not sustainable. In the absence of proof of suppression or intent to evade, the extended limitation period and penalty also fail. Case-Laws Central Excise Tue, 26 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120579