https://www.taxtmi.com/caselaws?id=51785 The Appellate Tribunal upheld the Adjudication Order confirming a Central Excise duty demand and penalty imposition, disallowing and recovering Modvat credit for Ferro Nickel. The recovery of Modvat credit for Iron and Steel Scrap shortage was upheld based on Commissioner's findings. The duty demand for Stainless Steel Billets removal was upheld despite the Appellants' claims. The penalty under Section 11AC of the Central Excise Act was reduced to Rs. 25 lakhs from the original excessive amount, with the Appeal partly allowed on this basis. en-us Mon, 09 Dec 2002 00:00:00 +0530 Tue, 28 Sep 2010 12:27:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51785 The Appellate Tribunal upheld the Adjudication Order confirming a Central Excise duty demand and penalty imposition, disallowing and recovering Modvat credit for Ferro Nickel. The recovery of Modvat credit for Iron and Steel Scrap shortage was upheld based on Commissioner's findings. The duty demand for Stainless Steel Billets removal was upheld despite the Appellants' claims. The penalty under Section 11AC of the Central Excise Act was reduced to Rs. 25 lakhs from the original excessive amount, with the Appeal partly allowed on this basis. Case-Laws Central Excise Mon, 09 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51785