https://www.taxtmi.com/caselaws?id=281319 The Tribunal found collusion between two divisions of a company for wrongful Modvat credit. It held that the chemical division transferred inputs to the pharmaceutical division to accumulate credit. Penalties were imposed for intentional collusion. Disputes arose over duty payment and Modvat credit rates, with the Department objecting to higher rates. The appellant argued for exemption benefits and challenged the Department's invocation of Section 11AC. The Tribunal ruled in favor of the appellant, setting aside the orders and allowing the appeals, emphasizing the right to choose exemption benefits and pay duty. en-us Mon, 10 May 1999 00:00:00 +0530 Thu, 13 Jun 2019 18:29:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281319 The Tribunal found collusion between two divisions of a company for wrongful Modvat credit. It held that the chemical division transferred inputs to the pharmaceutical division to accumulate credit. Penalties were imposed for intentional collusion. Disputes arose over duty payment and Modvat credit rates, with the Department objecting to higher rates. The appellant argued for exemption benefits and challenged the Department's invocation of Section 11AC. The Tribunal ruled in favor of the appellant, setting aside the orders and allowing the appeals, emphasizing the right to choose exemption benefits and pay duty. Case-Laws Central Excise Mon, 10 May 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281319