https://www.taxtmi.com/caselaws?id=257098 Penalty for excess Cenvat credit was held unsustainable where the over-availment arose from bona fide clerical error, was supported by corresponding short-credit entries in the same period, and the wrongly taken credit was reversed with interest. The Tribunal treated the discrepancy as inadvertent rather than deliberate and found no basis for penal consequences in the absence of evidence of wrongful intent. The demand for Cenvat credit and interest was, however, confirmed, leaving only the penalty aside. en-us Tue, 21 Oct 2014 00:00:00 +0530 Mon, 02 Mar 2015 07:20:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257098 Penalty for excess Cenvat credit was held unsustainable where the over-availment arose from bona fide clerical error, was supported by corresponding short-credit entries in the same period, and the wrongly taken credit was reversed with interest. The Tribunal treated the discrepancy as inadvertent rather than deliberate and found no basis for penal consequences in the absence of evidence of wrongful intent. The demand for Cenvat credit and interest was, however, confirmed, leaving only the penalty aside. Case-Laws Central Excise Tue, 21 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257098