https://www.taxtmi.com/caselaws?id=249709 The tribunal allowed the appeal by waiving the penalty imposed on the appellant for inadvertently availing CENVAT credit more than once for the same invoice and before making payments to vendors. The judgment emphasized the importance of considering opening balances in CENVAT credit accounts and recognized the appellant's proactive rectification of the errors before any show-cause notice was issued. The penalty was waived under Section 80 of the Finance Act 1994, acknowledging the appellant's prompt correction of the accounting mistakes. en-us Tue, 17 Jun 2014 00:00:00 +0530 Wed, 01 Jul 2015 16:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249709 The tribunal allowed the appeal by waiving the penalty imposed on the appellant for inadvertently availing CENVAT credit more than once for the same invoice and before making payments to vendors. The judgment emphasized the importance of considering opening balances in CENVAT credit accounts and recognized the appellant's proactive rectification of the errors before any show-cause notice was issued. The penalty was waived under Section 80 of the Finance Act 1994, acknowledging the appellant's prompt correction of the accounting mistakes. Case-Laws Service Tax Tue, 17 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249709