https://www.taxtmi.com/caselaws?id=52095 The Tribunal set aside the duty demand and penalty imposed on a wristwatch manufacturer for denying Modvat credit on inputs due to failure to maintain manual register forms. The appellant's request for computerized accounts, supported by the Assistant Commissioner's recommendation, was justified based on the complexity of watch production involving numerous parts. The Tribunal found no dispute on the validity of credits taken, attributing the issue to administrative inaction in not approving computerized record-keeping. As a result, the appeal was allowed in favor of the appellant. en-us Fri, 26 Sep 2003 00:00:00 +0530 Fri, 01 Oct 2010 12:38:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52095 The Tribunal set aside the duty demand and penalty imposed on a wristwatch manufacturer for denying Modvat credit on inputs due to failure to maintain manual register forms. The appellant's request for computerized accounts, supported by the Assistant Commissioner's recommendation, was justified based on the complexity of watch production involving numerous parts. The Tribunal found no dispute on the validity of credits taken, attributing the issue to administrative inaction in not approving computerized record-keeping. As a result, the appeal was allowed in favor of the appellant. Case-Laws Central Excise Fri, 26 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52095