https://www.taxtmi.com/caselaws?id=53187 The CESTAT, Chennai upheld the denial of Modvat credit on MS billets not declared in the 57G declaration, distinguishing them from steel ingots. Allegations of suppressed production and clandestine clearance were dismissed due to calculation discrepancies. Minor issues, including stock record discrepancies and improper clearances, were remanded for further consideration. Penalties imposed on the appellants were set aside due to insufficient evidence. en-us Wed, 31 Mar 2004 00:00:00 +0530 Thu, 20 Jun 2024 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53187 The CESTAT, Chennai upheld the denial of Modvat credit on MS billets not declared in the 57G declaration, distinguishing them from steel ingots. Allegations of suppressed production and clandestine clearance were dismissed due to calculation discrepancies. Minor issues, including stock record discrepancies and improper clearances, were remanded for further consideration. Penalties imposed on the appellants were set aside due to insufficient evidence. Case-Laws Central Excise Wed, 31 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53187