https://www.taxtmi.com/caselaws?id=1124 The Appellate Tribunal CESTAT, New Delhi ruled in favor of the appellants in a case concerning the eligibility of Modvat credit for parts not used in manufacturing automobile steering systems. The Tribunal held that since the credit taken had already been reversed by paying duty at the time of clearing the items, there was no duty demand justifying the denial of credit and imposition of penalties. The appellants were allowed to treat the unused parts as traders under Modvat provisions, leading to the setting aside of the demand and penalties, with the appeal being allowed in favor of the appellants. en-us Fri, 15 Sep 2006 00:00:00 +0530 Thu, 27 Aug 2015 18:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1124 The Appellate Tribunal CESTAT, New Delhi ruled in favor of the appellants in a case concerning the eligibility of Modvat credit for parts not used in manufacturing automobile steering systems. The Tribunal held that since the credit taken had already been reversed by paying duty at the time of clearing the items, there was no duty demand justifying the denial of credit and imposition of penalties. The appellants were allowed to treat the unused parts as traders under Modvat provisions, leading to the setting aside of the demand and penalties, with the appeal being allowed in favor of the appellants. Case-Laws Central Excise Fri, 15 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1124