https://www.taxtmi.com/caselaws?id=3934 Alternative remedy was not a basis to decline writ relief after the petition had already been admitted and heard finally, so that objection was rejected. MODVAT credit remained conditional on prescribed documentary support and compliance with the governing requirements; on the revenue findings, the assessee had not produced valid documents and had wrongly availed credit, so denial of credit, recovery and penalty were sustained. The later insertion of Rule 57G(11) was treated as prospective only, with no retrospective effect to unsettle the earlier demand, while the interest component had already been set aside. en-us Tue, 13 Nov 2007 00:00:00 +0530 Mon, 12 May 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3934 Alternative remedy was not a basis to decline writ relief after the petition had already been admitted and heard finally, so that objection was rejected. MODVAT credit remained conditional on prescribed documentary support and compliance with the governing requirements; on the revenue findings, the assessee had not produced valid documents and had wrongly availed credit, so denial of credit, recovery and penalty were sustained. The later insertion of Rule 57G(11) was treated as prospective only, with no retrospective effect to unsettle the earlier demand, while the interest component had already been set aside. Case-Laws Central Excise Tue, 13 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3934