https://www.taxtmi.com/caselaws?id=54339 The Tribunal upheld the penalty imposition on the company for failing to debit Modvat credit on exempted goods at the time of clearance, citing the clear intention to evade duty payment. The penalty amount was reduced to Rs. 50,000 due to the amount being deposited before the show cause notice. The penalty on the General Manager was set aside, providing consequential relief. en-us Mon, 28 Mar 2005 00:00:00 +0530 Tue, 19 Oct 2010 14:08:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54339 The Tribunal upheld the penalty imposition on the company for failing to debit Modvat credit on exempted goods at the time of clearance, citing the clear intention to evade duty payment. The penalty amount was reduced to Rs. 50,000 due to the amount being deposited before the show cause notice. The penalty on the General Manager was set aside, providing consequential relief. Case-Laws Central Excise Mon, 28 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54339