https://www.taxtmi.com/caselaws?id=214048 The Tribunal upheld the decision disallowing CENVAT Credit to offset duty demands but reduced the redemption fine imposed on the appellant from Rs.78,250 to Rs.10,000. The penalty on the Director was set aside due to lack of specific allegations. The judgment emphasizes accurate classification of goods, proper credit utilization, and proportionate imposition of fines and penalties in excise duty cases, ultimately ruling in favor of the appellant. en-us Fri, 11 May 2012 00:00:00 +0530 Mon, 11 Jun 2012 11:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214048 The Tribunal upheld the decision disallowing CENVAT Credit to offset duty demands but reduced the redemption fine imposed on the appellant from Rs.78,250 to Rs.10,000. The penalty on the Director was set aside due to lack of specific allegations. The judgment emphasizes accurate classification of goods, proper credit utilization, and proportionate imposition of fines and penalties in excise duty cases, ultimately ruling in favor of the appellant. Case-Laws Central Excise Fri, 11 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214048