https://www.taxtmi.com/caselaws?id=155159 Wrong availment of Cenvat credit taken under a bona fide mistake, later reversed with interest before adjudication, did not justify a substantial penalty where the notice alleged no deliberate intent to evade duty. The ineligible credit related to education cess on basic customs duty during the initial levy period, and the absence of mens rea made full penal consequences unwarranted. The penalty was therefore restricted to a reduced amount under the applicable Cenvat credit penalty provision. en-us Fri, 13 Nov 2009 00:00:00 +0530 Sat, 31 Aug 2013 17:45:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155159 Wrong availment of Cenvat credit taken under a bona fide mistake, later reversed with interest before adjudication, did not justify a substantial penalty where the notice alleged no deliberate intent to evade duty. The ineligible credit related to education cess on basic customs duty during the initial levy period, and the absence of mens rea made full penal consequences unwarranted. The penalty was therefore restricted to a reduced amount under the applicable Cenvat credit penalty provision. Case-Laws Central Excise Fri, 13 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155159