https://www.taxtmi.com/caselaws?id=124067 Excess Cenvat credit taken under the Cenvat Credit Rules, 2002 was treated as a bona fide mistake where the appellant reversed the excess promptly after the audit objection and paid interest. Because the credit was not retained and the conduct did not indicate fraudulent availment, separate penal action under Rule 13(1) was considered unwarranted. The penalty was therefore set aside. en-us Fri, 03 Aug 2007 00:00:00 +0530 Thu, 26 Oct 2017 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124067 Excess Cenvat credit taken under the Cenvat Credit Rules, 2002 was treated as a bona fide mistake where the appellant reversed the excess promptly after the audit objection and paid interest. Because the credit was not retained and the conduct did not indicate fraudulent availment, separate penal action under Rule 13(1) was considered unwarranted. The penalty was therefore set aside. Case-Laws Central Excise Fri, 03 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124067