https://www.taxtmi.com/caselaws?id=124791 The Tribunal upheld the decision of the Commissioner (Appeals) to reduce the penalty under Section 11AC of the Central Excise Act, 1944, from Rs. 6,18,944 to Rs. 5000. The Tribunal agreed with the Commissioner's reasoning that the penalty amount was not justified as the respondent promptly rectified the error in availing Cenvat credit upon discovery. The Tribunal found no defects in the Commissioner's order, rejecting the Revenue's appeal. en-us Fri, 05 Sep 2008 00:00:00 +0530 Sat, 13 Oct 2012 13:03:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124791 The Tribunal upheld the decision of the Commissioner (Appeals) to reduce the penalty under Section 11AC of the Central Excise Act, 1944, from Rs. 6,18,944 to Rs. 5000. The Tribunal agreed with the Commissioner's reasoning that the penalty amount was not justified as the respondent promptly rectified the error in availing Cenvat credit upon discovery. The Tribunal found no defects in the Commissioner's order, rejecting the Revenue's appeal. Case-Laws Central Excise Fri, 05 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124791