https://www.taxtmi.com/caselaws?id=4065 The Appellate Tribunal CESTAT AHMEDABAD set aside the demands for Modvat credit on capital goods, central excise duty on destroyed goods, and Cenvat credit on inputs following a fire incident. The imposed penalty of Rs.25 lakhs on the appellants was also overturned, as the Tribunal deemed it unjustified given the circumstances of the case. The appellants were granted consequential relief, with the judgment delivered on 28-11-2007. en-us Wed, 28 Nov 2007 00:00:00 +0530 Mon, 19 May 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4065 The Appellate Tribunal CESTAT AHMEDABAD set aside the demands for Modvat credit on capital goods, central excise duty on destroyed goods, and Cenvat credit on inputs following a fire incident. The imposed penalty of Rs.25 lakhs on the appellants was also overturned, as the Tribunal deemed it unjustified given the circumstances of the case. The appellants were granted consequential relief, with the judgment delivered on 28-11-2007. Case-Laws Central Excise Wed, 28 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4065