https://www.taxtmi.com/caselaws?id=219489 The Tribunal found no contravention of rules or intent to evade duty by the appellant, a manufacturer of motor vehicle parts, who availed CENVAT credit on inputs. Despite failure to produce evidence of processed inputs, the penalty under Section 11AC of the Central Excise Act, 1944 was waived due to prompt credit reversal and lack of evasion intent. The duty and interest were upheld, and the appeal was disposed of in favor of the appellant. en-us Fri, 27 Apr 2012 00:00:00 +0530 Fri, 11 Jan 2013 12:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219489 The Tribunal found no contravention of rules or intent to evade duty by the appellant, a manufacturer of motor vehicle parts, who availed CENVAT credit on inputs. Despite failure to produce evidence of processed inputs, the penalty under Section 11AC of the Central Excise Act, 1944 was waived due to prompt credit reversal and lack of evasion intent. The duty and interest were upheld, and the appeal was disposed of in favor of the appellant. Case-Laws Central Excise Fri, 27 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219489