https://www.taxtmi.com/caselaws?id=215178 Excess raw materials found during a surprise visit could not be confiscated under Rule 15(1) of the Cenvat Credit Rules where no Modvat credit had been taken and no credit entry had been made. The Tribunal followed earlier decisions holding that non-Modvatable excess inputs are not liable to confiscation, and that redemption fine and penalty are not sustainable on that basis. The confiscation of the seized ingots, together with the redemption fine and penalty, was set aside in favour of the assessee. en-us Fri, 01 Jun 2012 00:00:00 +0530 Tue, 10 Jul 2012 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215178 Excess raw materials found during a surprise visit could not be confiscated under Rule 15(1) of the Cenvat Credit Rules where no Modvat credit had been taken and no credit entry had been made. The Tribunal followed earlier decisions holding that non-Modvatable excess inputs are not liable to confiscation, and that redemption fine and penalty are not sustainable on that basis. The confiscation of the seized ingots, together with the redemption fine and penalty, was set aside in favour of the assessee. Case-Laws Central Excise Fri, 01 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215178