https://www.taxtmi.com/caselaws?id=153856 The Tribunal set aside the penalty and interest imposed on the appellants for using capital goods exclusively for exempted goods, as they promptly paid back the amount and maintained a higher credit balance. In the case of non-receipt of inputs from the job worker within the required period, while a penalty was imposed, it was reduced to a token amount of Rs. 2000 as there was no finding of suppression or wrongful utilization of credit. The appeal was partly allowed with the penalties and interest being set aside except for the token penalty. en-us Mon, 14 Dec 2009 00:00:00 +0530 Thu, 01 Aug 2013 10:39:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153856 The Tribunal set aside the penalty and interest imposed on the appellants for using capital goods exclusively for exempted goods, as they promptly paid back the amount and maintained a higher credit balance. In the case of non-receipt of inputs from the job worker within the required period, while a penalty was imposed, it was reduced to a token amount of Rs. 2000 as there was no finding of suppression or wrongful utilization of credit. The appeal was partly allowed with the penalties and interest being set aside except for the token penalty. Case-Laws Central Excise Mon, 14 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153856