https://www.taxtmi.com/caselaws?id=33142 The appeal regarding the dispute over the availment of Modvat credit for capital goods in the financial year 2000-01 was resolved in favor of the appellant. The Member (J) directed the Authorities to calculate interest only until 1-4-2001, when the appellant was entitled to take the credit, amounting to approximately Rs. 1300. The penalty imposed by the Deputy Commissioner was set aside due to the appellant's proactive disclosure and lack of malicious intent, leading to the appeal being disposed of through remand. en-us Wed, 20 Aug 2008 00:00:00 +0530 Fri, 24 Apr 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33142 The appeal regarding the dispute over the availment of Modvat credit for capital goods in the financial year 2000-01 was resolved in favor of the appellant. The Member (J) directed the Authorities to calculate interest only until 1-4-2001, when the appellant was entitled to take the credit, amounting to approximately Rs. 1300. The penalty imposed by the Deputy Commissioner was set aside due to the appellant's proactive disclosure and lack of malicious intent, leading to the appeal being disposed of through remand. Case-Laws Central Excise Wed, 20 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33142