https://www.taxtmi.com/caselaws?id=103516 Wrongful credit on capital goods used exclusively for non-dutiable production was held inadmissible, and reversal of the credit was upheld because the availment contravened the applicable prohibition. On penalty, the Tribunal held that wrongful availment justified punishment, but the excise provision fixed only the ceiling and did not require a penalty equal to the credit involved. The penalty was therefore reduced to a lesser amount, reflecting discretion to impose a lower sum on the facts. en-us Thu, 03 May 2001 00:00:00 +0530 Thu, 23 Feb 2012 13:39:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103516 Wrongful credit on capital goods used exclusively for non-dutiable production was held inadmissible, and reversal of the credit was upheld because the availment contravened the applicable prohibition. On penalty, the Tribunal held that wrongful availment justified punishment, but the excise provision fixed only the ceiling and did not require a penalty equal to the credit involved. The penalty was therefore reduced to a lesser amount, reflecting discretion to impose a lower sum on the facts. Case-Laws Central Excise Thu, 03 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103516