https://www.taxtmi.com/caselaws?id=210295 The Tribunal upheld the dropping of the penalty under Section 11AC of the Central Excise Act, 1944, emphasizing the lack of intent to avail inadmissible credit and the immediate corrective actions taken by the respondents upon discovery. The Revenue's appeal was dismissed as the Tribunal found no merit in challenging the Commissioner (Appeals) decision, which gave the benefit of doubt to the respondents due to the inadvertent nature of the mistake and the genuine explanation provided. en-us Thu, 14 Jul 2011 00:00:00 +0530 Thu, 22 Nov 2012 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210295 The Tribunal upheld the dropping of the penalty under Section 11AC of the Central Excise Act, 1944, emphasizing the lack of intent to avail inadmissible credit and the immediate corrective actions taken by the respondents upon discovery. The Revenue's appeal was dismissed as the Tribunal found no merit in challenging the Commissioner (Appeals) decision, which gave the benefit of doubt to the respondents due to the inadvertent nature of the mistake and the genuine explanation provided. Case-Laws Central Excise Thu, 14 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210295