https://www.taxtmi.com/caselaws?id=245961 Removal of moulds and dies to a job worker without the Commissioner's permission, and failure to bring them back within the prescribed period, attracted reversal of Modvat/Cenvat credit under Rule 57S because the rule makes credit payable when the goods are not returned in time. The demand for reversal was upheld. Penalty, however, required deliberate defiance of law or mala fide conduct; on the facts recorded, the breach was treated as procedural rather than contumacious, so penalty was waived and its deletion sustained. en-us Fri, 13 Apr 2012 00:00:00 +0530 Sat, 12 Apr 2014 14:53:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245961 Removal of moulds and dies to a job worker without the Commissioner's permission, and failure to bring them back within the prescribed period, attracted reversal of Modvat/Cenvat credit under Rule 57S because the rule makes credit payable when the goods are not returned in time. The demand for reversal was upheld. Penalty, however, required deliberate defiance of law or mala fide conduct; on the facts recorded, the breach was treated as procedural rather than contumacious, so penalty was waived and its deletion sustained. Case-Laws Central Excise Fri, 13 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245961