https://www.taxtmi.com/caselaws?id=220039 Enhanced penalty for wrong availment of CENVAT credit was found unwarranted where the assessee reversed the credit shortly after noticing that the customs duty earlier paid had been refunded. The demand of duty and interest was not seriously disputed and was sustained, but the penalty enhancement was set aside because the reversal occurred soon after the changed circumstances came to light, undermining the basis for harsher penal action. en-us Mon, 02 Jul 2012 00:00:00 +0530 Tue, 08 Jan 2013 09:13:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220039 Enhanced penalty for wrong availment of CENVAT credit was found unwarranted where the assessee reversed the credit shortly after noticing that the customs duty earlier paid had been refunded. The demand of duty and interest was not seriously disputed and was sustained, but the penalty enhancement was set aside because the reversal occurred soon after the changed circumstances came to light, undermining the basis for harsher penal action. Case-Laws Central Excise Mon, 02 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220039