CESTAT Kolkata Waives Penalty for Cenvat Credit Use

The Appellate Tribunal CESTAT, Kolkata modified the first Appellate Order by waiving the penalty imposed on the appellant for using Cenvat Credit to discharge duty liability. The penalty was waived as the appellant admitted to the breach of law, cooperated, and paid interest. Steps were directed to recover any shortfall in duty payment, and the appeal was partly allowed.

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The Appellate Tribunal CESTAT, Kolkata modified the first Appellate Order, waiving the penalty imposed on the appellant for using Cenvat Credit to discharge duty liability. The appellant admitted to the breach of law but cooperated and paid interest. The penalty was waived, and steps were directed to recover any shortfall in duty payment. The appeal was partly allowed.

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