https://www.taxtmi.com/caselaws?id=218503 The Tribunal ruled in favor of the appellant, waiving the penalty amount of Rs. 1,40,830 imposed under Section 11AC of the Central Excise Act. The Tribunal found that there was insufficient evidence to prove removal of inputs without discharging/reversing Cenvat credit, leading to the conclusion that the penalty solely for the shortage in physical stock could not be upheld under Section 11AC. As a result, the appellant's plea for waiver of the penalty was granted, and the Stay Petition was allowed. en-us Tue, 29 Nov 2011 00:00:00 +0530 Thu, 17 Jan 2013 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218503 The Tribunal ruled in favor of the appellant, waiving the penalty amount of Rs. 1,40,830 imposed under Section 11AC of the Central Excise Act. The Tribunal found that there was insufficient evidence to prove removal of inputs without discharging/reversing Cenvat credit, leading to the conclusion that the penalty solely for the shortage in physical stock could not be upheld under Section 11AC. As a result, the appellant's plea for waiver of the penalty was granted, and the Stay Petition was allowed. Case-Laws Central Excise Tue, 29 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218503