https://www.taxtmi.com/caselaws?id=51980 The Tribunal partially allowed the appeals in the case concerning the interpretation of Rule 57CC on Modvat credit for inputs used in manufacturing exempted products. It held that the appellant had already reversed credits in line with a circular, limiting the liability to a specific amount. The penalties were reduced, and penalties on the employees were set aside. The judgment emphasized adherence to circulars, previous decisions, and the correct application of Rule 57CC in determining liability and penalties. en-us Fri, 04 Jul 2003 00:00:00 +0530 Wed, 29 Sep 2010 15:38:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51980 The Tribunal partially allowed the appeals in the case concerning the interpretation of Rule 57CC on Modvat credit for inputs used in manufacturing exempted products. It held that the appellant had already reversed credits in line with a circular, limiting the liability to a specific amount. The penalties were reduced, and penalties on the employees were set aside. The judgment emphasized adherence to circulars, previous decisions, and the correct application of Rule 57CC in determining liability and penalties. Case-Laws Central Excise Fri, 04 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51980