https://www.taxtmi.com/caselaws?id=119219 The Tribunal upheld the demand for credit reversal on inputs used in exported goods but set aside the penalty imposed, noting the appellants' separate record-keeping and lack of mala fide intent. The dispute arose from a discrepancy in the quantity of granules used in the manufacture of exported goods, leading to the Revenue's demand for credit reversal. The appellants argued for credit based on the actual quantity used, emphasizing their compliance with duty payment requirements and lack of intent to evade. Ultimately, the Tribunal's decision balanced the parties' arguments and circumstances, resulting in the disposal of the appeal with the aforementioned rulings. en-us Thu, 22 Jun 2006 00:00:00 +0530 Mon, 09 Jul 2012 17:36:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119219 The Tribunal upheld the demand for credit reversal on inputs used in exported goods but set aside the penalty imposed, noting the appellants' separate record-keeping and lack of mala fide intent. The dispute arose from a discrepancy in the quantity of granules used in the manufacture of exported goods, leading to the Revenue's demand for credit reversal. The appellants argued for credit based on the actual quantity used, emphasizing their compliance with duty payment requirements and lack of intent to evade. Ultimately, the Tribunal's decision balanced the parties' arguments and circumstances, resulting in the disposal of the appeal with the aforementioned rulings. Case-Laws Central Excise Thu, 22 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119219