https://www.taxtmi.com/caselaws?id=256469 The Tribunal ruled in favor of the appellant, setting aside the duty demand and penalties imposed under Section 11AC. It held that discounts passed through credit notes were admissible even without prior intimation to the Department. The penalties for wrong availment of Cenvat credit and short payment of duty were deemed unsustainable due to prompt payment upon discovery and lack of evidence of deliberate evasion. The duty and Cenvat credit demands were upheld, but the penalties were overturned based on the absence of deliberate intent to evade duty. en-us Thu, 11 Dec 2014 00:00:00 +0530 Fri, 19 Jun 2015 17:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256469 The Tribunal ruled in favor of the appellant, setting aside the duty demand and penalties imposed under Section 11AC. It held that discounts passed through credit notes were admissible even without prior intimation to the Department. The penalties for wrong availment of Cenvat credit and short payment of duty were deemed unsustainable due to prompt payment upon discovery and lack of evidence of deliberate evasion. The duty and Cenvat credit demands were upheld, but the penalties were overturned based on the absence of deliberate intent to evade duty. Case-Laws Central Excise Thu, 11 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256469