https://www.taxtmi.com/caselaws?id=110603 Wrongful availment of Cenvat credit on inputs used in exempted final products was not disputed, and the credit reversal was confirmed. The only issue was penalty, and the Tribunal held that payment of the duty amount before issuance of the show cause notice made a penalty equal to the duty amount unwarranted on the facts. The penalty was therefore reduced to Rs. 1 lakh. en-us Mon, 22 Dec 2003 00:00:00 +0530 Tue, 17 Apr 2012 17:01:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110603 Wrongful availment of Cenvat credit on inputs used in exempted final products was not disputed, and the credit reversal was confirmed. The only issue was penalty, and the Tribunal held that payment of the duty amount before issuance of the show cause notice made a penalty equal to the duty amount unwarranted on the facts. The penalty was therefore reduced to Rs. 1 lakh. Case-Laws Central Excise Mon, 22 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110603