https://www.taxtmi.com/caselaws?id=269631 The Tribunal upheld the confirmation of the demand under Section 11A of the Central Excise Act, along with the imposition of interest under Section 11AB. However, the penalty under Section 11AC was set aside as the failure to reverse the SAD credit during input clearance was deemed an oversight rather than a deliberate act warranting penalty. The appellant's immediate payment upon receiving the deficiency notice was considered in good faith, and the Tribunal concluded that the appellant's actions did not justify the imposition of penalty. en-us Mon, 15 Sep 2014 00:00:00 +0530 Wed, 03 Feb 2016 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269631 The Tribunal upheld the confirmation of the demand under Section 11A of the Central Excise Act, along with the imposition of interest under Section 11AB. However, the penalty under Section 11AC was set aside as the failure to reverse the SAD credit during input clearance was deemed an oversight rather than a deliberate act warranting penalty. The appellant's immediate payment upon receiving the deficiency notice was considered in good faith, and the Tribunal concluded that the appellant's actions did not justify the imposition of penalty. Case-Laws Central Excise Mon, 15 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269631