https://www.taxtmi.com/caselaws?id=77290 Suo motu availment of the balance export rebate as CENVAT credit was treated as a one-time procedural irregularity capable of regularisation, since the credit represented rebate due to the exporter and the Board's circular recognised the prevailing practice. The demand was therefore set aside, but the procedural lapse was found to justify only a nominal penalty, with the equal penalty replaced by a token penalty. en-us Wed, 03 Mar 2010 00:00:00 +0530 Sat, 04 Sep 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77290 Suo motu availment of the balance export rebate as CENVAT credit was treated as a one-time procedural irregularity capable of regularisation, since the credit represented rebate due to the exporter and the Board's circular recognised the prevailing practice. The demand was therefore set aside, but the procedural lapse was found to justify only a nominal penalty, with the equal penalty replaced by a token penalty. Case-Laws Customs Wed, 03 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77290