https://www.taxtmi.com/caselaws?id=255560 The High Court upheld the decision of the Customs, Excise and Service Tax Appellate Tribunal, confirming the demand of duty against the appellant for wrongly availing Modvat credit on short pig iron. The Tribunal reduced the penalty imposed on the appellant. The Court found that the iron wastage was mistakenly treated as new raw material, leading to the duty demand, and ruled in favor of the revenue, dismissing the appellant's appeal. en-us Thu, 08 Jan 2015 00:00:00 +0530 Sat, 03 Oct 2015 11:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255560 The High Court upheld the decision of the Customs, Excise and Service Tax Appellate Tribunal, confirming the demand of duty against the appellant for wrongly availing Modvat credit on short pig iron. The Tribunal reduced the penalty imposed on the appellant. The Court found that the iron wastage was mistakenly treated as new raw material, leading to the duty demand, and ruled in favor of the revenue, dismissing the appellant's appeal. Case-Laws Central Excise Thu, 08 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255560