https://www.taxtmi.com/caselaws?id=54915 The Tribunal, consisting of Ms. Jyoti Balasundaram and Shri Moheb Ali M., held that the respondents were not eligible for deemed credit on inputs due to non-compliance with Notification No. 58/97-C.E. requirements. The Tribunal set aside the credit granted but upheld the decision to cancel penalties imposed, partially allowing the appeals. Compliance with eligibility criteria, including proper documentation and payment methods, is crucial for lawfully claiming benefits like Modvat Credit. en-us Thu, 17 Nov 2005 00:00:00 +0530 Fri, 22 Oct 2010 17:05:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54915 The Tribunal, consisting of Ms. Jyoti Balasundaram and Shri Moheb Ali M., held that the respondents were not eligible for deemed credit on inputs due to non-compliance with Notification No. 58/97-C.E. requirements. The Tribunal set aside the credit granted but upheld the decision to cancel penalties imposed, partially allowing the appeals. Compliance with eligibility criteria, including proper documentation and payment methods, is crucial for lawfully claiming benefits like Modvat Credit. Case-Laws Central Excise Thu, 17 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54915