https://www.taxtmi.com/caselaws?id=126173 The Tribunal found that the appellant, a toiletries manufacturer, mistakenly availed 100% Cenvat credit instead of the entitled 50% on a capital good but promptly reversed 50% upon notification. Despite the error in timing, as the excess credit was not utilized and considered a paper entry, the Tribunal concluded there was no malafide intent. Therefore, the penalties imposed on the appellant for the excess credit availing were set aside, and the appeals were disposed of in favor of the appellant. en-us Thu, 23 Apr 2009 00:00:00 +0530 Sat, 03 Nov 2012 09:54:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126173 The Tribunal found that the appellant, a toiletries manufacturer, mistakenly availed 100% Cenvat credit instead of the entitled 50% on a capital good but promptly reversed 50% upon notification. Despite the error in timing, as the excess credit was not utilized and considered a paper entry, the Tribunal concluded there was no malafide intent. Therefore, the penalties imposed on the appellant for the excess credit availing were set aside, and the appeals were disposed of in favor of the appellant. Case-Laws Central Excise Thu, 23 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126173