https://www.taxtmi.com/caselaws?id=270006 The Tribunal modified the order by upholding the demand for Cenvat Credit/duty with interest but setting aside the penalty under Rule 15(2) and Section 11AC. The appellant rectified the excess credit, maintained a balance higher than the demanded amount, and voluntarily filed revised returns, showing no intent to evade duty payment. The Tribunal found no suppression of facts warranting Section 11AC penalty, granting consequential relief to the appellant and disposing of the appeal in their favor. en-us Fri, 06 Nov 2015 00:00:00 +0530 Sat, 26 Dec 2015 11:28:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270006 The Tribunal modified the order by upholding the demand for Cenvat Credit/duty with interest but setting aside the penalty under Rule 15(2) and Section 11AC. The appellant rectified the excess credit, maintained a balance higher than the demanded amount, and voluntarily filed revised returns, showing no intent to evade duty payment. The Tribunal found no suppression of facts warranting Section 11AC penalty, granting consequential relief to the appellant and disposing of the appeal in their favor. Case-Laws Central Excise Fri, 06 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270006