https://www.taxtmi.com/caselaws?id=342442 Alleged irregular availment and reversal of Modvat credit, together with linked refund claims, required fresh factual verification because the demand and penalty issues depended on the outcome of the refund proceedings and extensive private records. The Tribunal found that the record needed detailed scrutiny by the original authority, which was better placed to examine the documentation, consider rival contentions on suppression, limitation, interest and penalty, and allow additional evidence. The matter was therefore remanded for de novo consideration, beginning with the refund claims, and the assessee was permitted to adduce further material. en-us Thu, 13 Apr 2017 00:00:00 +0530 Thu, 20 Jul 2017 16:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342442 Alleged irregular availment and reversal of Modvat credit, together with linked refund claims, required fresh factual verification because the demand and penalty issues depended on the outcome of the refund proceedings and extensive private records. The Tribunal found that the record needed detailed scrutiny by the original authority, which was better placed to examine the documentation, consider rival contentions on suppression, limitation, interest and penalty, and allow additional evidence. The matter was therefore remanded for de novo consideration, beginning with the refund claims, and the assessee was permitted to adduce further material. Case-Laws Central Excise Thu, 13 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342442