https://www.taxtmi.com/caselaws?id=241727 The Tribunal set aside the penalty imposed on the appellant for the short reversal of credit under Section 11AC of the Central Excise Act. Despite acknowledging technical violations, the Tribunal ruled that penal provisions require mala fide intention, which was not found in this case. The appellant voluntarily rectified the error, paying the differential amount with interest, and reported the discrepancy before being directed by the audit team. The Commissioner's findings supported the appellant, stating no fraud or suppression of facts occurred. Both appeals were allowed in favor of the appellant. en-us Tue, 02 Apr 2013 00:00:00 +0530 Tue, 31 Dec 2013 10:10:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241727 The Tribunal set aside the penalty imposed on the appellant for the short reversal of credit under Section 11AC of the Central Excise Act. Despite acknowledging technical violations, the Tribunal ruled that penal provisions require mala fide intention, which was not found in this case. The appellant voluntarily rectified the error, paying the differential amount with interest, and reported the discrepancy before being directed by the audit team. The Commissioner's findings supported the appellant, stating no fraud or suppression of facts occurred. Both appeals were allowed in favor of the appellant. Case-Laws Central Excise Tue, 02 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241727