https://www.taxtmi.com/caselaws?id=124080 The Appellate Tribunal CESTAT, AHMEDABAD held that credit notes are not valid documents for availing Modvat credit under the Cenvat Credit Rules. The tribunal upheld the duty demand and penalty imposed on the appellant for irregularly availing credit based on credit notes. Despite reducing the penalty due to lack of mala fide intention, the appeal was rejected as the appellant did not await final assessment before claiming credit. en-us Tue, 13 Nov 2007 00:00:00 +0530 Tue, 25 Sep 2012 13:12:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124080 The Appellate Tribunal CESTAT, AHMEDABAD held that credit notes are not valid documents for availing Modvat credit under the Cenvat Credit Rules. The tribunal upheld the duty demand and penalty imposed on the appellant for irregularly availing credit based on credit notes. Despite reducing the penalty due to lack of mala fide intention, the appeal was rejected as the appellant did not await final assessment before claiming credit. Case-Laws Central Excise Tue, 13 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124080