https://www.taxtmi.com/caselaws?id=266274 The Tribunal ruled in favor of the appellant, setting aside the demands of interest and penalty under Sections 11AB and 11AC. The appellant successfully argued that the duty demand for the extended period of limitation was not sustainable as they had reversed the credit before the audit and show cause notice. The Tribunal found the appellant's actions to be bona fide and dismissed the penalty, emphasizing the lack of mala fide intent. The appeal was allowed, and the application for extension of the stay order was deemed infructuous. en-us Fri, 15 May 2015 00:00:00 +0530 Wed, 12 Apr 2017 15:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266274 The Tribunal ruled in favor of the appellant, setting aside the demands of interest and penalty under Sections 11AB and 11AC. The appellant successfully argued that the duty demand for the extended period of limitation was not sustainable as they had reversed the credit before the audit and show cause notice. The Tribunal found the appellant's actions to be bona fide and dismissed the penalty, emphasizing the lack of mala fide intent. The appeal was allowed, and the application for extension of the stay order was deemed infructuous. Case-Laws Central Excise Fri, 15 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266274