https://www.taxtmi.com/caselaws?id=122202 Fraudulent availment of Modvat credit without receipt of inputs was treated as established, and the demand and fraud finding had not been challenged further. On remand, no fresh material was produced to justify any different view, so the statutory consequence for such irregular credit applied. Penalty equal to the disallowed credit was therefore upheld as the proper levy in the remand proceedings. en-us Tue, 16 Jan 2007 00:00:00 +0530 Thu, 09 Aug 2012 13:37:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122202 Fraudulent availment of Modvat credit without receipt of inputs was treated as established, and the demand and fraud finding had not been challenged further. On remand, no fresh material was produced to justify any different view, so the statutory consequence for such irregular credit applied. Penalty equal to the disallowed credit was therefore upheld as the proper levy in the remand proceedings. Case-Laws Central Excise Tue, 16 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122202