https://www.taxtmi.com/caselaws?id=54869 Proceedings for recovery of Modvat credit were not saved by Section 38A of the Central Excise Act after repeal and substitution of the Modvat regime, as the saving clause was found inapplicable on the facts and context. The demand and penalties also failed because the alleged substitution of steel and fraudulent excess credit were not proved by the circumstantial evidence relied upon, and the denial of cross-examination together with incomplete supply of relied upon documents breached natural justice. The impugned order was therefore set aside and the assessee succeeded. en-us Fri, 27 May 2005 00:00:00 +0530 Thu, 02 May 2024 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54869 Proceedings for recovery of Modvat credit were not saved by Section 38A of the Central Excise Act after repeal and substitution of the Modvat regime, as the saving clause was found inapplicable on the facts and context. The demand and penalties also failed because the alleged substitution of steel and fraudulent excess credit were not proved by the circumstantial evidence relied upon, and the denial of cross-examination together with incomplete supply of relied upon documents breached natural justice. The impugned order was therefore set aside and the assessee succeeded. Case-Laws Central Excise Fri, 27 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54869