https://www.taxtmi.com/caselaws?id=260545 The Tribunal set aside the penalty imposed under Section 11AC of the Central Excise Act, allowing the appeal filed by the assessee and rejecting the appeal filed by the Revenue. The appellant's voluntary reversal of the CENVAT credit, payment of duty with interest, and contesting the demand of CENVAT credit were found to be in good faith, with the Tribunal citing relevant case laws supporting the appellant's position. en-us Fri, 29 May 2015 00:00:00 +0530 Mon, 15 Feb 2016 15:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260545 The Tribunal set aside the penalty imposed under Section 11AC of the Central Excise Act, allowing the appeal filed by the assessee and rejecting the appeal filed by the Revenue. The appellant's voluntary reversal of the CENVAT credit, payment of duty with interest, and contesting the demand of CENVAT credit were found to be in good faith, with the Tribunal citing relevant case laws supporting the appellant's position. Case-Laws Central Excise Fri, 29 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260545