https://www.taxtmi.com/caselaws?id=336677 The Tribunal remanded the valuation of 'grindings' issue for fresh hearing, overturning a demand for short-paid amount and wrongly availed MODVAT credit, finding the debit notes irrelevant to 'grindings'. It allowed MODVAT credit on additional duty paid on imports, following precedents. The duty liability for missing stock at the factory premises was upheld but penalties were waived due to minimal differential duty, limiting the liability to &8377; 59,056 with interest. The judgment provided detailed analysis and legal references, clarifying the issues comprehensively. en-us Tue, 03 May 2016 00:00:00 +0530 Mon, 26 Dec 2016 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336677 The Tribunal remanded the valuation of 'grindings' issue for fresh hearing, overturning a demand for short-paid amount and wrongly availed MODVAT credit, finding the debit notes irrelevant to 'grindings'. It allowed MODVAT credit on additional duty paid on imports, following precedents. The duty liability for missing stock at the factory premises was upheld but penalties were waived due to minimal differential duty, limiting the liability to &8377; 59,056 with interest. The judgment provided detailed analysis and legal references, clarifying the issues comprehensively. Case-Laws Central Excise Tue, 03 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336677