https://www.taxtmi.com/caselaws?id=122514 The Appellate Tribunal CESTAT, Mumbai ruled in favor of the appellants in a case involving the disallowance of Modvat credit on inputs and the imposition of a penalty for wrongly taking credit. The Tribunal held that the process conducted did not amount to manufacturing but still allowed the credit based on previous Tribunal decisions. Citing relevant case laws, the Tribunal set aside the denial of credit and the penalty, ultimately ruling in favor of the appellants and allowing the appeal. en-us Fri, 05 Jan 2007 00:00:00 +0530 Tue, 14 Aug 2012 12:36:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122514 The Appellate Tribunal CESTAT, Mumbai ruled in favor of the appellants in a case involving the disallowance of Modvat credit on inputs and the imposition of a penalty for wrongly taking credit. The Tribunal held that the process conducted did not amount to manufacturing but still allowed the credit based on previous Tribunal decisions. Citing relevant case laws, the Tribunal set aside the denial of credit and the penalty, ultimately ruling in favor of the appellants and allowing the appeal. Case-Laws Central Excise Fri, 05 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122514