https://www.taxtmi.com/caselaws?id=266264 The appellant disputed the admissibility of Cenvat Credit on written-off inputs, initially flagged for the 2009-10 period, and subsequently for earlier years during a CAG audit. The appellant argued no intention to evade duty, as the written-off values were declared in the balance sheet. The Tribunal found the penalty under Section 11AC unsustainable, as the appellant promptly paid the Cenvat Credit and interest without contest. The Tribunal invoked Section 11A(1)(2B) to nullify the penalty, upholding the Cenvat Credit demand but reducing the penalty amount. The appellant was directed to pay the adjusted Cenvat amount, interest, and a revised penalty, resulting in a partial allowance of the appeal. en-us Fri, 08 May 2015 00:00:00 +0530 Mon, 19 Oct 2015 08:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266264 The appellant disputed the admissibility of Cenvat Credit on written-off inputs, initially flagged for the 2009-10 period, and subsequently for earlier years during a CAG audit. The appellant argued no intention to evade duty, as the written-off values were declared in the balance sheet. The Tribunal found the penalty under Section 11AC unsustainable, as the appellant promptly paid the Cenvat Credit and interest without contest. The Tribunal invoked Section 11A(1)(2B) to nullify the penalty, upholding the Cenvat Credit demand but reducing the penalty amount. The appellant was directed to pay the adjusted Cenvat amount, interest, and a revised penalty, resulting in a partial allowance of the appeal. Case-Laws Central Excise Fri, 08 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266264