https://www.taxtmi.com/caselaws?id=47950 Modvat credit was denied because the assessee failed to prove receipt and use of inputs in the manufacture of goods, and the record showed no machinery for such manufacture; the High Court treated the lower authorities' findings as neither perverse nor non-speaking. Interest liability was also sustained because Section 11AA was already in force from 26-5-1995, so a mistaken reference to Section 11AB did not defeat recovery where the statute otherwise authorised interest. The challenge to both the credit denial and the interest levy was rejected, and no substantial question of law was found to arise. en-us Mon, 27 Nov 2006 00:00:00 +0530 Sat, 31 Jul 2010 17:24:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47950 Modvat credit was denied because the assessee failed to prove receipt and use of inputs in the manufacture of goods, and the record showed no machinery for such manufacture; the High Court treated the lower authorities' findings as neither perverse nor non-speaking. Interest liability was also sustained because Section 11AA was already in force from 26-5-1995, so a mistaken reference to Section 11AB did not defeat recovery where the statute otherwise authorised interest. The challenge to both the credit denial and the interest levy was rejected, and no substantial question of law was found to arise. Case-Laws Central Excise Mon, 27 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47950