https://www.taxtmi.com/caselaws?id=327677 Taking credit on inputs sent to a job worker before receipt of the finished or intermediate goods was treated as a breach of the prescribed procedure under Rule 57J and as taking credit without reasonable steps under Rule 173Q(1)(bb) of the Central Excise Rules, 1944. Penalty was therefore leviable, but the limited and temporary nature of the credit advantage, together with return of the goods within the prescribed period, justified substantial reduction of the penalty from the original amount to a nominal sum. en-us Fri, 06 May 2016 00:00:00 +0530 Wed, 04 Jan 2017 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327677 Taking credit on inputs sent to a job worker before receipt of the finished or intermediate goods was treated as a breach of the prescribed procedure under Rule 57J and as taking credit without reasonable steps under Rule 173Q(1)(bb) of the Central Excise Rules, 1944. Penalty was therefore leviable, but the limited and temporary nature of the credit advantage, together with return of the goods within the prescribed period, justified substantial reduction of the penalty from the original amount to a nominal sum. Case-Laws Central Excise Fri, 06 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327677