https://www.taxtmi.com/caselaws?id=123625 Duty liability for non-reversal of Cenvat credit on inputs in stock was undisputed, so the demand was sustained. The penalty and confiscation directions, however, were set aside because the plea that RT-12 returns had been filed and that the ingredients for penalty under Section 11AC were absent had not been examined by the lower authorities. The objection to confiscation also required fresh factual consideration. The matter was remanded to the Original Authority for de novo examination limited to penalty and confiscation, while the duty demand remained confirmed. en-us Wed, 21 Nov 2007 00:00:00 +0530 Tue, 18 Sep 2012 15:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123625 Duty liability for non-reversal of Cenvat credit on inputs in stock was undisputed, so the demand was sustained. The penalty and confiscation directions, however, were set aside because the plea that RT-12 returns had been filed and that the ingredients for penalty under Section 11AC were absent had not been examined by the lower authorities. The objection to confiscation also required fresh factual consideration. The matter was remanded to the Original Authority for de novo examination limited to penalty and confiscation, while the duty demand remained confirmed. Case-Laws Central Excise Wed, 21 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123625