Appellate Tribunal drops penalty, allows appeal due to reversal of CENVAT Credit.

The Appellate Tribunal CESTAT Ahmedabad allowed the appeal, dropping the penalty on the present appellant due to the dropping of penalty proceedings and reversal of CENVAT Credit against the main party. The impugned order was deemed unsustainable, and the appeal was allowed with consequential relief.

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The Appellate Tribunal CESTAT Ahmedabad allowed the appeal, stating that since penalty proceedings and reversal of CENVAT Credit against the main party were dropped, the penalty on the present appellant should also be dropped. The impugned order was deemed unsustainable, and the appeal was allowed with consequential relief.

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