https://www.taxtmi.com/caselaws?id=124558 The Tribunal partially allowed the appeal regarding the Modvat credit case. It acknowledged the necessity of imposing a penalty but deemed the amount of Rs. 2,15,277.27 excessive. Considering that 50% of the penalty had been deposited, the Tribunal set aside the remaining balance of the penalty, finding it sufficient. The appellant's failure to follow the prescribed procedure for availing credit based on original invoices, instead of duplicate invoices, led to the penalty imposition, emphasizing the importance of statutory compliance even when the receipt of inputs was not in question. en-us Fri, 28 Mar 2008 00:00:00 +0530 Mon, 01 Oct 2012 17:09:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124558 The Tribunal partially allowed the appeal regarding the Modvat credit case. It acknowledged the necessity of imposing a penalty but deemed the amount of Rs. 2,15,277.27 excessive. Considering that 50% of the penalty had been deposited, the Tribunal set aside the remaining balance of the penalty, finding it sufficient. The appellant's failure to follow the prescribed procedure for availing credit based on original invoices, instead of duplicate invoices, led to the penalty imposition, emphasizing the importance of statutory compliance even when the receipt of inputs was not in question. Case-Laws Central Excise Fri, 28 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124558