https://www.taxtmi.com/caselaws?id=115077 The penalties imposed on M/s. Dhillon Kool Drinks and Beverages Ltd. and their General Manager for clearing excisable goods without sufficient balance in their PLA were set aside. The Adjudicating Authority found that the case did not amount to evasion of duty, considering the appellants' prompt payment of interest and belief in having adequate Modvat/Cenvat Credit balance. The Authority viewed the issue as clearance against inadequate balance rather than non-payment of duty, ultimately leading to the decision to overturn the penalties imposed on both appellants. en-us Fri, 11 Feb 2005 00:00:00 +0530 Wed, 23 May 2012 16:00:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115077 The penalties imposed on M/s. Dhillon Kool Drinks and Beverages Ltd. and their General Manager for clearing excisable goods without sufficient balance in their PLA were set aside. The Adjudicating Authority found that the case did not amount to evasion of duty, considering the appellants' prompt payment of interest and belief in having adequate Modvat/Cenvat Credit balance. The Authority viewed the issue as clearance against inadequate balance rather than non-payment of duty, ultimately leading to the decision to overturn the penalties imposed on both appellants. Case-Laws Central Excise Fri, 11 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115077