https://www.taxtmi.com/caselaws?id=120107 A rectification of mistake application was held maintainable where the earlier order had set aside penalty on an incorrect factual premise. The tribunal found that the assumption that the appellant had not utilised inadmissible credit was contradicted by the Revenue's material, which showed the credit balance was much lower than the disputed amount during the relevant dates. As the factual foundation of the earlier relief was demonstrably from the record, the order was modified and penalty was confirmed to the extent of Rs. 50,000. en-us Fri, 15 Sep 2006 00:00:00 +0530 Mon, 16 Jul 2012 18:21:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120107 A rectification of mistake application was held maintainable where the earlier order had set aside penalty on an incorrect factual premise. The tribunal found that the assumption that the appellant had not utilised inadmissible credit was contradicted by the Revenue's material, which showed the credit balance was much lower than the disputed amount during the relevant dates. As the factual foundation of the earlier relief was demonstrably from the record, the order was modified and penalty was confirmed to the extent of Rs. 50,000. Case-Laws Central Excise Fri, 15 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120107