https://www.taxtmi.com/caselaws?id=253390 The Tribunal allowed the Revenue's appeal, imposing a penalty under Rule 57(I)(4) of the Central Excise Rules, 1944, for the period from 23.07.1996 to 28.09.1996. This decision was based on the contravention and suppression of facts by the respondents in not reversing Modvat credit on goods cleared as warranty replacements, as established through the show cause notice and adjudication order. The Tribunal upheld the imposition of penalty, citing the mandatory nature of penalty imposition upon establishing contravention and suppression of facts, as per relevant legal precedents. en-us Mon, 17 Nov 2014 00:00:00 +0530 Sat, 22 Nov 2014 12:09:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253390 The Tribunal allowed the Revenue's appeal, imposing a penalty under Rule 57(I)(4) of the Central Excise Rules, 1944, for the period from 23.07.1996 to 28.09.1996. This decision was based on the contravention and suppression of facts by the respondents in not reversing Modvat credit on goods cleared as warranty replacements, as established through the show cause notice and adjudication order. The Tribunal upheld the imposition of penalty, citing the mandatory nature of penalty imposition upon establishing contravention and suppression of facts, as per relevant legal precedents. Case-Laws Central Excise Mon, 17 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253390