https://www.taxtmi.com/caselaws?id=121837 Removal of inputs under the governing credit rules was treated as duty-compliant where the impugned order followed earlier Tribunal rulings that remained binding unless stayed or set aside, so the Revenue's challenge to the duty treatment failed. Reduction of penalty under section 11AC was also upheld because it was proportionate to the substantially reduced demand and no separate error in discretion was shown. The Commissioner (Appeals) was therefore justified in sustaining the duty position and the reduced penalty, and the appeal failed on both issues. en-us Fri, 05 Jan 2007 00:00:00 +0530 Mon, 06 Aug 2012 16:20:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121837 Removal of inputs under the governing credit rules was treated as duty-compliant where the impugned order followed earlier Tribunal rulings that remained binding unless stayed or set aside, so the Revenue's challenge to the duty treatment failed. Reduction of penalty under section 11AC was also upheld because it was proportionate to the substantially reduced demand and no separate error in discretion was shown. The Commissioner (Appeals) was therefore justified in sustaining the duty position and the reduced penalty, and the appeal failed on both issues. Case-Laws Central Excise Fri, 05 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121837