https://www.taxtmi.com/caselaws?id=124233 The Appellate Tribunal CESTAT, Ahmedabad, set aside the confiscation of Malleable Iron Castings and reduced the penalty to Rs. 2,000 for non-maintenance of records. The denial of Modvat credit, confiscation, and penalty related to Grinding Wheels were also overturned, except for the reduced penalty. The Tribunal found no evidence of mala fide intent and applied legal principles to support its decision, ensuring a fair outcome for the appellants involved in the case. en-us Fri, 29 Feb 2008 00:00:00 +0530 Mon, 11 Sep 2017 09:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124233 The Appellate Tribunal CESTAT, Ahmedabad, set aside the confiscation of Malleable Iron Castings and reduced the penalty to Rs. 2,000 for non-maintenance of records. The denial of Modvat credit, confiscation, and penalty related to Grinding Wheels were also overturned, except for the reduced penalty. The Tribunal found no evidence of mala fide intent and applied legal principles to support its decision, ensuring a fair outcome for the appellants involved in the case. Case-Laws Central Excise Fri, 29 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124233