https://www.taxtmi.com/caselaws?id=50321 Authenticated dealer invoices were treated as a mandatory condition for availing Modvat credit under the applicable Central Excise Rules, so non-authenticated invoices disentitled the assessee to credit and the disallowance was sustained. On penalty, the lapse was viewed as warranting moderation on the facts, and the penalty was reduced because the circumstances did not justify the amount originally imposed. The result was that denial of credit stood, while partial relief was granted by lowering the penalty. en-us Thu, 20 Jul 2000 00:00:00 +0530 Sat, 21 Aug 2010 11:07:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50321 Authenticated dealer invoices were treated as a mandatory condition for availing Modvat credit under the applicable Central Excise Rules, so non-authenticated invoices disentitled the assessee to credit and the disallowance was sustained. On penalty, the lapse was viewed as warranting moderation on the facts, and the penalty was reduced because the circumstances did not justify the amount originally imposed. The result was that denial of credit stood, while partial relief was granted by lowering the penalty. Case-Laws Central Excise Thu, 20 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50321