https://www.taxtmi.com/caselaws?id=245789 The Tribunal deemed Revenue's appeal maintainable, upheld MODVAT Credit of Rs. 2,27,220, sustained the demand of Rs. 1,25,723, imposed a penalty of Rs. 2,00,000 on Shree Chem, and upheld a penalty of Rs. 25,000 on Shri Deepak F. Shah. The Tribunal remanded the case to decide on the 'Cum-duty-price' benefit and extension to Shree Chem. The appeals were disposed with the allowance of MODVAT Credit, imposition of penalty on Shree Chem, and affirmation of penalty on Shri Deepak F. Shah. en-us Fri, 04 Apr 2014 00:00:00 +0530 Tue, 08 Apr 2014 11:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245789 The Tribunal deemed Revenue's appeal maintainable, upheld MODVAT Credit of Rs. 2,27,220, sustained the demand of Rs. 1,25,723, imposed a penalty of Rs. 2,00,000 on Shree Chem, and upheld a penalty of Rs. 25,000 on Shri Deepak F. Shah. The Tribunal remanded the case to decide on the 'Cum-duty-price' benefit and extension to Shree Chem. The appeals were disposed with the allowance of MODVAT Credit, imposition of penalty on Shree Chem, and affirmation of penalty on Shri Deepak F. Shah. Case-Laws Central Excise Fri, 04 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245789