https://www.taxtmi.com/caselaws?id=108493 The appellate tribunal allowed the appeal filed by the assessee, emphasizing that once the benefit of the notification could not be denied, no penalty should be imposed for availing deemed credit. The tribunal found that the prohibition in the notification was not applicable to the case, and the reasons provided for sustaining the penalty were insufficient. The tribunal set aside the part of the order confirming the penalty, clarifying the application of Notification No. 29/96 in cases of denial of deemed credit and highlighting the importance of duty payment on final products. en-us Thu, 08 May 2003 00:00:00 +0530 Sat, 31 Mar 2012 18:21:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108493 The appellate tribunal allowed the appeal filed by the assessee, emphasizing that once the benefit of the notification could not be denied, no penalty should be imposed for availing deemed credit. The tribunal found that the prohibition in the notification was not applicable to the case, and the reasons provided for sustaining the penalty were insufficient. The tribunal set aside the part of the order confirming the penalty, clarifying the application of Notification No. 29/96 in cases of denial of deemed credit and highlighting the importance of duty payment on final products. Case-Laws Central Excise Thu, 08 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108493