https://www.taxtmi.com/caselaws?id=113269 A bona fide accounting mistake in taking re-credit in PLA instead of RG 23A Part II under Rule 57F(7) did not justify demand or penalty where the entitlement to credit was undisputed and the Revenue suffered no prejudice. The error was treated as a rectifiable procedural lapse, and corresponding account adjustments could cure it. On that basis, CESTAT set aside the impugned orders and allowed the appeal in favour of the assessee. en-us Fri, 02 Jan 2004 00:00:00 +0530 Fri, 04 May 2012 16:30:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113269 A bona fide accounting mistake in taking re-credit in PLA instead of RG 23A Part II under Rule 57F(7) did not justify demand or penalty where the entitlement to credit was undisputed and the Revenue suffered no prejudice. The error was treated as a rectifiable procedural lapse, and corresponding account adjustments could cure it. On that basis, CESTAT set aside the impugned orders and allowed the appeal in favour of the assessee. Case-Laws Central Excise Fri, 02 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113269