https://www.taxtmi.com/caselaws?id=78294 Penalty under Section 11AC of the Central Excise Act was inapplicable where the dispute concerned excess Cenvat credit claimed and later reversed under the Cenvat Credit Rules, 2002. Section 11AC is directed at short-levy or non-payment of duty with an element of evasion, whereas reversal of excess credit does not by itself satisfy that penalty framework. The penalty set aside by the lower authority was therefore affirmed. en-us Tue, 09 Feb 2010 00:00:00 +0530 Sat, 13 Nov 2010 13:12:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78294 Penalty under Section 11AC of the Central Excise Act was inapplicable where the dispute concerned excess Cenvat credit claimed and later reversed under the Cenvat Credit Rules, 2002. Section 11AC is directed at short-levy or non-payment of duty with an element of evasion, whereas reversal of excess credit does not by itself satisfy that penalty framework. The penalty set aside by the lower authority was therefore affirmed. Case-Laws Central Excise Tue, 09 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78294