https://www.taxtmi.com/caselaws?id=51747 The Tribunal allowed the appeals, setting aside penalties on dealers and directing the Commissioner to determine credit eligibility based on established correlation between coils and sheets. Emphasizing proper correlation through weight and reasonable correspondence in time, the Tribunal highlighted the challenge of physical correlation due to the nature of goods. The liability to penalty for manufacturers hinged on the extent of credit denied post correlation establishment. en-us Tue, 31 Dec 2002 00:00:00 +0530 Tue, 28 Sep 2010 10:10:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51747 The Tribunal allowed the appeals, setting aside penalties on dealers and directing the Commissioner to determine credit eligibility based on established correlation between coils and sheets. Emphasizing proper correlation through weight and reasonable correspondence in time, the Tribunal highlighted the challenge of physical correlation due to the nature of goods. The liability to penalty for manufacturers hinged on the extent of credit denied post correlation establishment. Case-Laws Central Excise Tue, 31 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51747