https://www.taxtmi.com/caselaws?id=153564 The Tribunal allowed the appeal partially, setting aside the order on the first issue of wrong availment of Modvat credit due to the application of different grades. The decision was based on the possibility of blending different grades of raw materials to produce HDPE material for pipe purposes. The second issue regarding the discrepancy in Modvat credit due to non-use/non-receipt of imported materials was remanded back to the adjudicating authority for further verification based on statutory records. Penalties imposed on the company officers were deemed unwarranted and set aside. en-us Mon, 18 Jan 2010 00:00:00 +0530 Wed, 24 Jul 2013 18:20:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153564 The Tribunal allowed the appeal partially, setting aside the order on the first issue of wrong availment of Modvat credit due to the application of different grades. The decision was based on the possibility of blending different grades of raw materials to produce HDPE material for pipe purposes. The second issue regarding the discrepancy in Modvat credit due to non-use/non-receipt of imported materials was remanded back to the adjudicating authority for further verification based on statutory records. Penalties imposed on the company officers were deemed unwarranted and set aside. Case-Laws Central Excise Mon, 18 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153564