https://www.taxtmi.com/caselaws?id=52013 Wrongly availed Modvat credit on forged Bills of Entry was treated as recoverable under Rule 57-I read with the proviso to Section 11A(1), but penalty on the Managing Director and other senior officers was not sustained because the record did not establish sufficient personal culpability and Rule 209A was confined to excisable goods, not imported goods. For the employee who admitted preparing the forged documents, Rule 210 operated as the residual penalty provision; the maximum penalty under that rule had already been imposed, and no legal basis existed for further enhancement. en-us Fri, 22 Aug 2003 00:00:00 +0530 Wed, 29 Sep 2010 17:42:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52013 Wrongly availed Modvat credit on forged Bills of Entry was treated as recoverable under Rule 57-I read with the proviso to Section 11A(1), but penalty on the Managing Director and other senior officers was not sustained because the record did not establish sufficient personal culpability and Rule 209A was confined to excisable goods, not imported goods. For the employee who admitted preparing the forged documents, Rule 210 operated as the residual penalty provision; the maximum penalty under that rule had already been imposed, and no legal basis existed for further enhancement. Case-Laws Central Excise Fri, 22 Aug 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52013