https://www.taxtmi.com/caselaws?id=124660 The appellant inadvertently availed Cenvat credit before exceeding the SSI exemption limit of Rs. 1 crore. Despite the violation, there was no evidence of wilful intent to evade duty. The appellant rectified the error by reversing the wrongly taken credit promptly. The lower authorities acknowledged the inadvertent nature of the violation and imposed no penalty. Following the precedent set in Chandrapur Magnet Wires (P) Ltd. v. CCE, Nagpur, the court ruled that once the wrongful credit is rectified, it is as if the credit was never taken, leading to the appeal being allowed with consequential relief. en-us Tue, 26 Aug 2008 00:00:00 +0530 Wed, 03 Oct 2012 18:32:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124660 The appellant inadvertently availed Cenvat credit before exceeding the SSI exemption limit of Rs. 1 crore. Despite the violation, there was no evidence of wilful intent to evade duty. The appellant rectified the error by reversing the wrongly taken credit promptly. The lower authorities acknowledged the inadvertent nature of the violation and imposed no penalty. Following the precedent set in Chandrapur Magnet Wires (P) Ltd. v. CCE, Nagpur, the court ruled that once the wrongful credit is rectified, it is as if the credit was never taken, leading to the appeal being allowed with consequential relief. Case-Laws Central Excise Tue, 26 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124660