https://www.taxtmi.com/caselaws?id=31329 The Court set aside the penalty imposed on the appellant for availing modvat credit on rejected goods. The Court clarified that the reversal of credit should occur at the time of removal, and since the goods were still within the factory premises, no penalty was justified as there was no intention to evade duty. The decision emphasized adherence to procedural requirements and absence of mala fide intent, reinstating the Assistant Commissioner's ruling on duty and interest without penalty imposition. en-us Wed, 20 Feb 2008 00:00:00 +0530 Mon, 27 Oct 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31329 The Court set aside the penalty imposed on the appellant for availing modvat credit on rejected goods. The Court clarified that the reversal of credit should occur at the time of removal, and since the goods were still within the factory premises, no penalty was justified as there was no intention to evade duty. The decision emphasized adherence to procedural requirements and absence of mala fide intent, reinstating the Assistant Commissioner's ruling on duty and interest without penalty imposition. Case-Laws Central Excise Wed, 20 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31329