https://www.taxtmi.com/caselaws?id=123791 Voluntary reversal of Cenvat credit on audit detection did not bar the duty demand on limitation grounds, because the amount was appropriated and no refund claim was made. However, penalty and interest were set aside since the record did not establish suppression of facts or intent to evade duty. The operative effect is that the duty demand was sustained, while penal consequences were denied for lack of deliberate evasion. en-us Tue, 22 Apr 2008 00:00:00 +0530 Thu, 20 Sep 2012 15:40:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123791 Voluntary reversal of Cenvat credit on audit detection did not bar the duty demand on limitation grounds, because the amount was appropriated and no refund claim was made. However, penalty and interest were set aside since the record did not establish suppression of facts or intent to evade duty. The operative effect is that the duty demand was sustained, while penal consequences were denied for lack of deliberate evasion. Case-Laws Central Excise Tue, 22 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123791