https://www.taxtmi.com/caselaws?id=111770 The Appellate Tribunal CESTAT, Mumbai upheld a duty demand of Rs. 32,115 and an equivalent penalty against the appellants for clearing inputs without duty payment and issuing debit notes without reducing credit. The Tribunal found that the appellants had taken excess credit without disclosure, indicating an intention to evade. Despite arguments of lack of suppression, the Tribunal justified the duty demand. The penalty under Section 11AC was reduced to Rs. 5,000 due to acknowledged evasion. The appeal was rejected, affirming the duty demand but reducing the penalty amount. en-us Wed, 12 May 2004 00:00:00 +0530 Wed, 25 Apr 2012 12:04:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111770 The Appellate Tribunal CESTAT, Mumbai upheld a duty demand of Rs. 32,115 and an equivalent penalty against the appellants for clearing inputs without duty payment and issuing debit notes without reducing credit. The Tribunal found that the appellants had taken excess credit without disclosure, indicating an intention to evade. Despite arguments of lack of suppression, the Tribunal justified the duty demand. The penalty under Section 11AC was reduced to Rs. 5,000 due to acknowledged evasion. The appeal was rejected, affirming the duty demand but reducing the penalty amount. Case-Laws Central Excise Wed, 12 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111770