https://www.taxtmi.com/caselaws?id=50055 Modvat credit on capital goods removed to a sister unit without intimation to the proper officer and without following the prescribed procedure was held inadmissible; the balance credit was required to be reversed because the statutory safeguards for such movement had not been observed. Contravention of the rules justified penalty, but the immediate reversal of a substantial part of the credit after detection was treated as a mitigating factor, so the penalties were reduced. en-us Wed, 01 Nov 2000 00:00:00 +0530 Mon, 09 Feb 2026 22:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50055 Modvat credit on capital goods removed to a sister unit without intimation to the proper officer and without following the prescribed procedure was held inadmissible; the balance credit was required to be reversed because the statutory safeguards for such movement had not been observed. Contravention of the rules justified penalty, but the immediate reversal of a substantial part of the credit after detection was treated as a mitigating factor, so the penalties were reduced. Case-Laws Central Excise Wed, 01 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50055