https://www.taxtmi.com/caselaws?id=51776 The Tribunal upheld the confiscation of unaccounted video cassettes due to failure to provide a valid explanation for not recording the goods, reducing the redemption fine and personal penalty. Disallowance of Modvat credit on plastic components was affirmed, but disallowance on magnetic video tapes was set aside, directing reversal of specific credit amount. Disallowance of Modvat credit on inputs found short was affirmed. The demand on video games and cartridges found without bills was set aside, noting finality of previous decision. The Tribunal reduced the penalty imposed under Rule 173Q considering actions taken by the appellants. Adjustments were made to penalties and credit disallowances in the disposal of the appeal. en-us Tue, 24 Dec 2002 00:00:00 +0530 Tue, 28 Sep 2010 11:40:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51776 The Tribunal upheld the confiscation of unaccounted video cassettes due to failure to provide a valid explanation for not recording the goods, reducing the redemption fine and personal penalty. Disallowance of Modvat credit on plastic components was affirmed, but disallowance on magnetic video tapes was set aside, directing reversal of specific credit amount. Disallowance of Modvat credit on inputs found short was affirmed. The demand on video games and cartridges found without bills was set aside, noting finality of previous decision. The Tribunal reduced the penalty imposed under Rule 173Q considering actions taken by the appellants. Adjustments were made to penalties and credit disallowances in the disposal of the appeal. Case-Laws Central Excise Tue, 24 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51776