https://www.taxtmi.com/caselaws?id=53395 The Appellate Tribunal CESTAT, New Delhi, allowed the appeal of the appellants regarding the disallowed Modvat credit and confirmed penalty. The tribunal held that the Modvat credit could not be denied solely based on a report by postal authorities without further evidence. It also determined that the demand for recovery of the Modvat credit amount was not time-barred as there was no suppression of facts by the appellants. The tribunal set aside the impugned order of the Commissioner (Appeals) and granted relief to the appellants in accordance with the law. en-us Tue, 03 Aug 2004 00:00:00 +0530 Wed, 13 Oct 2010 11:58:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53395 The Appellate Tribunal CESTAT, New Delhi, allowed the appeal of the appellants regarding the disallowed Modvat credit and confirmed penalty. The tribunal held that the Modvat credit could not be denied solely based on a report by postal authorities without further evidence. It also determined that the demand for recovery of the Modvat credit amount was not time-barred as there was no suppression of facts by the appellants. The tribunal set aside the impugned order of the Commissioner (Appeals) and granted relief to the appellants in accordance with the law. Case-Laws Central Excise Tue, 03 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53395