https://www.taxtmi.com/caselaws?id=204595 The Tribunal ruled in favor of the appellant, setting aside the penalty imposed for the alleged malafide availment of CENVAT credit. The appellant's argument that the discrepancy was due to timing rather than malafide intent was accepted, aligning with precedents where penalties were overturned in similar cases. The judgment emphasized that penalizing under Section 11AC was unjustified, leading to the dismissal of the penalty and disposal of the appeal in favor of the appellant. en-us Fri, 13 May 2011 00:00:00 +0530 Wed, 08 Jun 2011 15:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204595 The Tribunal ruled in favor of the appellant, setting aside the penalty imposed for the alleged malafide availment of CENVAT credit. The appellant's argument that the discrepancy was due to timing rather than malafide intent was accepted, aligning with precedents where penalties were overturned in similar cases. The judgment emphasized that penalizing under Section 11AC was unjustified, leading to the dismissal of the penalty and disposal of the appeal in favor of the appellant. Case-Laws Central Excise Fri, 13 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204595