https://www.taxtmi.com/caselaws?id=256132 The appeal by the Revenue challenging the denial of Modvat credit and the penalty imposed on the respondent for excess seized goods was rejected. The Commissioner (Appeals) upheld the decision allowing the respondent to avail credit for certain items despite discrepancies in invoices, emphasizing the lack of obligation to maintain private records. Additionally, the penalty was set aside as the goods were not confiscated. The appellate authority's decisions were affirmed, highlighting the importance of not impeding legitimate credit rights based on technical objections without evidence of wrongdoing. en-us Mon, 03 Feb 2014 00:00:00 +0530 Wed, 04 Feb 2015 06:22:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256132 The appeal by the Revenue challenging the denial of Modvat credit and the penalty imposed on the respondent for excess seized goods was rejected. The Commissioner (Appeals) upheld the decision allowing the respondent to avail credit for certain items despite discrepancies in invoices, emphasizing the lack of obligation to maintain private records. Additionally, the penalty was set aside as the goods were not confiscated. The appellate authority's decisions were affirmed, highlighting the importance of not impeding legitimate credit rights based on technical objections without evidence of wrongdoing. Case-Laws Central Excise Mon, 03 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256132