2001 (1) TMI 120

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.... "I hold that the ground for disallowing the credit is too flimsy and accordingly, I hold that the subject Modvat credit is admissible to the appellants. However, I also hold that the appellants should have approached the jurisdictional officers for accepting the rectified documents before taking the Modvat credit and to that extent, I hold that imposition of penalty on the appellants is justif....

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....57-I and imposed a penalty of Rs. 15,000/- under Rule 173Q. The appellants filed an appeal before the ld. Commissioner (Appeals) who held as indicated above. 4. Arguing the case for the appellants Ms. Shruti Chaudhary, ld. Counsel submits that the ld. Commissioner (Appeals) had held that the ground of disallowing credit was too flimsy and also that the subject Modvat credit is admissible to the....