https://www.taxtmi.com/caselaws?id=54598 The appellate tribunal set aside the impugned order disallowing Modvat credit of approximately Rs. 24 lakhs to the appellant company, citing lack of substantiated findings of fraudulent availing. The tribunal found the appellant's statutory records and evidence supporting the use of disputed inputs for manufacturing rubber parts to be credible, leading to the conclusion that the disallowance of credit and penalties imposed were unsustainable. As a result, the appeals were allowed in favor of the appellants, and the penalties were deemed unsustainable. en-us Wed, 14 Sep 2005 00:00:00 +0530 Thu, 21 Oct 2010 10:24:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54598 The appellate tribunal set aside the impugned order disallowing Modvat credit of approximately Rs. 24 lakhs to the appellant company, citing lack of substantiated findings of fraudulent availing. The tribunal found the appellant's statutory records and evidence supporting the use of disputed inputs for manufacturing rubber parts to be credible, leading to the conclusion that the disallowance of credit and penalties imposed were unsustainable. As a result, the appeals were allowed in favor of the appellants, and the penalties were deemed unsustainable. Case-Laws Central Excise Wed, 14 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54598