https://www.taxtmi.com/caselaws?id=51743 Modvat credit could not be denied where duty-paid inputs were admittedly received in the factory and used in manufacture, even though they had been temporarily stored in godowns outside the factory for business reasons. Recognised departmental circulars and trade notices accepted such outside storage, so temporary storage alone did not disentitle the assessee from credit. On those admitted facts, penalty was also unsustainable and the impugned order was set aside. en-us Fri, 13 Dec 2002 00:00:00 +0530 Tue, 28 Sep 2010 10:02:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51743 Modvat credit could not be denied where duty-paid inputs were admittedly received in the factory and used in manufacture, even though they had been temporarily stored in godowns outside the factory for business reasons. Recognised departmental circulars and trade notices accepted such outside storage, so temporary storage alone did not disentitle the assessee from credit. On those admitted facts, penalty was also unsustainable and the impugned order was set aside. Case-Laws Central Excise Fri, 13 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51743