https://www.taxtmi.com/caselaws?id=116836 The Appellate Tribunal CESTAT, Mumbai emphasized the importance of adhering to statutory timelines for issuing Show Cause Notices in a case involving disputed credit of modvatable inputs. The Tribunal set aside the Show Cause Notice due to a delay in issuance, resolved the disputed credit in favor of the assessee, and reduced the personal penalty imposed for wrongly availing credit. The judgment underscores the significance of procedural compliance, fairness in decision-making, and proportionality in penalty imposition in excise duty matters. en-us Thu, 17 Nov 2005 00:00:00 +0530 Mon, 18 Jun 2012 11:40:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116836 The Appellate Tribunal CESTAT, Mumbai emphasized the importance of adhering to statutory timelines for issuing Show Cause Notices in a case involving disputed credit of modvatable inputs. The Tribunal set aside the Show Cause Notice due to a delay in issuance, resolved the disputed credit in favor of the assessee, and reduced the personal penalty imposed for wrongly availing credit. The judgment underscores the significance of procedural compliance, fairness in decision-making, and proportionality in penalty imposition in excise duty matters. Case-Laws Central Excise Thu, 17 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116836