https://www.taxtmi.com/caselaws?id=236133 Equal penalty for wrong CENVAT credit was not justified where the credit taken on duty-paid supplies from an EOU was later reversed with interest, the invoices disclosed duty payment, and there was no material of wilful suppression or intent to evade duty; the reduced penalty was therefore sustained. Confiscation of finished goods and related penalties were also unsustainable because the goods were packed for dispatch, reflected in private records, matched the raw material account, and were awaiting quality control clearance, so mere non-entry in statutory books did not prove clandestine removal or warrant mechanical application of Rule 25; those penalties were set aside. en-us Thu, 17 Jan 2013 00:00:00 +0530 Thu, 09 May 2013 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236133 Equal penalty for wrong CENVAT credit was not justified where the credit taken on duty-paid supplies from an EOU was later reversed with interest, the invoices disclosed duty payment, and there was no material of wilful suppression or intent to evade duty; the reduced penalty was therefore sustained. Confiscation of finished goods and related penalties were also unsustainable because the goods were packed for dispatch, reflected in private records, matched the raw material account, and were awaiting quality control clearance, so mere non-entry in statutory books did not prove clandestine removal or warrant mechanical application of Rule 25; those penalties were set aside. Case-Laws Central Excise Thu, 17 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236133