https://www.taxtmi.com/caselaws?id=51322 A limited remand required verification of documentary evidence for Modvat credit on inputs, and the adjudicating authority had to confine itself to that direction rather than reopen the claim. On verification, credit was admissible if the factual conditions were met, reducing the duty demand accordingly. Penalty under rule 173Q read with section 11AC was not sustainable because the dispute on exemption and duty liability under the Own Your Wagon Scheme was a bona fide legal controversy and the statutory basis for penalty was inapplicable. The duty demand remained confirmed subject to reduction by admissible credit, and the penalty was set aside. en-us Wed, 26 Jun 2002 00:00:00 +0530 Fri, 24 Sep 2010 10:44:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51322 A limited remand required verification of documentary evidence for Modvat credit on inputs, and the adjudicating authority had to confine itself to that direction rather than reopen the claim. On verification, credit was admissible if the factual conditions were met, reducing the duty demand accordingly. Penalty under rule 173Q read with section 11AC was not sustainable because the dispute on exemption and duty liability under the Own Your Wagon Scheme was a bona fide legal controversy and the statutory basis for penalty was inapplicable. The duty demand remained confirmed subject to reduction by admissible credit, and the penalty was set aside. Case-Laws Central Excise Wed, 26 Jun 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51322