https://www.taxtmi.com/caselaws?id=266415 The Tribunal upheld the duty demand on the shortage of finished goods based on the Director's statements. It allowed cenvat credit on education cess but rejected the credit of SAD initially disallowed. The Tribunal directed reworking of remaining cenvat credit disallowed and the penalty amount. Admissibility of cenvat credit of education cess was confirmed. The Tribunal allowed cenvat credit with respect to SAD post-amendment. The penalty imposed on the Director was reduced from Rs. 1 lakh to Rs. 25,000. The appeals were allowed with specific directions for reworking cenvat credit and penalty amounts. en-us Wed, 10 Jun 2015 00:00:00 +0530 Mon, 19 Oct 2015 20:39:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266415 The Tribunal upheld the duty demand on the shortage of finished goods based on the Director's statements. It allowed cenvat credit on education cess but rejected the credit of SAD initially disallowed. The Tribunal directed reworking of remaining cenvat credit disallowed and the penalty amount. Admissibility of cenvat credit of education cess was confirmed. The Tribunal allowed cenvat credit with respect to SAD post-amendment. The penalty imposed on the Director was reduced from Rs. 1 lakh to Rs. 25,000. The appeals were allowed with specific directions for reworking cenvat credit and penalty amounts. Case-Laws Central Excise Wed, 10 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266415