https://www.taxtmi.com/caselaws?id=155129 The Chennai appellate tribunal upheld a demand of Rs. 52,224 with interest against the assessees for reversing credit on transformer oil cleared separately. The penalty under Section 11AC was set aside due to the absence of suppression or misstatement. en-us Wed, 30 Jun 2010 00:00:00 +0530 Sat, 31 Aug 2013 16:24:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155129 The Chennai appellate tribunal upheld a demand of Rs. 52,224 with interest against the assessees for reversing credit on transformer oil cleared separately. The penalty under Section 11AC was set aside due to the absence of suppression or misstatement. Case-Laws Central Excise Wed, 30 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155129