https://www.taxtmi.com/caselaws?id=155484 Penalty for wrongful Cenvat credit under Rule 13(1) was held unsustainable where credit was taken on the face of a registered dealer's invoice, the invoice did not disclose any upstream 100% EOU origin, and the excess credit was later reversed with interest. The Tribunal noted that, at the time credit was taken, no apparent irregularity was shown in the invoice itself, and the subsequent reversal cured the excess element. On that basis, the penalty was deleted and the challenge to penalty succeeded. en-us Wed, 18 Nov 2009 00:00:00 +0530 Wed, 04 Sep 2013 16:58:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155484 Penalty for wrongful Cenvat credit under Rule 13(1) was held unsustainable where credit was taken on the face of a registered dealer's invoice, the invoice did not disclose any upstream 100% EOU origin, and the excess credit was later reversed with interest. The Tribunal noted that, at the time credit was taken, no apparent irregularity was shown in the invoice itself, and the subsequent reversal cured the excess element. On that basis, the penalty was deleted and the challenge to penalty succeeded. Case-Laws Central Excise Wed, 18 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155484