https://www.taxtmi.com/caselaws?id=329301 The Tribunal set aside the order seeking reversal of Modvat credit on various items cleared by the appellant, except for admitted bearings, due to lack of specific findings on items not credited. The demand for reversal of credit on consumable goods was remanded for clarification on usage within the factory as duty was paid on fabricated items. The penalty of Rs. 10,000 imposed on the Managing Director was deemed unjustified and set aside due to lack of specificity in the show-cause notice. The appeal was partly allowed based on these determinations. en-us Mon, 09 May 2016 00:00:00 +0530 Wed, 21 Dec 2016 12:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329301 The Tribunal set aside the order seeking reversal of Modvat credit on various items cleared by the appellant, except for admitted bearings, due to lack of specific findings on items not credited. The demand for reversal of credit on consumable goods was remanded for clarification on usage within the factory as duty was paid on fabricated items. The penalty of Rs. 10,000 imposed on the Managing Director was deemed unjustified and set aside due to lack of specificity in the show-cause notice. The appeal was partly allowed based on these determinations. Case-Laws Central Excise Mon, 09 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329301