https://www.taxtmi.com/caselaws?id=123917 Penalty under Rule 15 of the Cenvat Credit Rules was unsustainable where shortage of inputs was found during stock verification, the explanation for the shortage was accepted, and duty with interest was voluntarily debited before issuance of the show cause notice. On those facts, penal action was not warranted and was deleted. Interest on clearance of inputs or capital goods as such was also not recoverable, because the Tribunal applied the duty-payment facility under Rule 8 of the Central Excise Rules to such clearances and found the interest demand unjustified. The order was therefore modified by deleting penalty and interest, while the remaining duty-related relief was left undisturbed. en-us Thu, 24 Apr 2008 00:00:00 +0530 Sat, 22 Sep 2012 10:16:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123917 Penalty under Rule 15 of the Cenvat Credit Rules was unsustainable where shortage of inputs was found during stock verification, the explanation for the shortage was accepted, and duty with interest was voluntarily debited before issuance of the show cause notice. On those facts, penal action was not warranted and was deleted. Interest on clearance of inputs or capital goods as such was also not recoverable, because the Tribunal applied the duty-payment facility under Rule 8 of the Central Excise Rules to such clearances and found the interest demand unjustified. The order was therefore modified by deleting penalty and interest, while the remaining duty-related relief was left undisturbed. Case-Laws Central Excise Thu, 24 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123917