https://www.taxtmi.com/caselaws?id=116069 Penalty under Rule 57-I of the Central Excise Rules is unsustainable where the duty demand is dropped, no input credit has been availed, and the record shows no intent to evade duty or cause revenue loss. The assessee had reversed the opening balance credit, no demand arose under Rule 57CC, and the essential factual basis for penal action was absent. In these circumstances, the provision was held inapplicable to the facts, and the penalty was set aside with consequential relief. en-us Tue, 05 Oct 2004 00:00:00 +0530 Thu, 07 Jun 2012 09:57:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116069 Penalty under Rule 57-I of the Central Excise Rules is unsustainable where the duty demand is dropped, no input credit has been availed, and the record shows no intent to evade duty or cause revenue loss. The assessee had reversed the opening balance credit, no demand arose under Rule 57CC, and the essential factual basis for penal action was absent. In these circumstances, the provision was held inapplicable to the facts, and the penalty was set aside with consequential relief. Case-Laws Central Excise Tue, 05 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116069