https://www.taxtmi.com/caselaws?id=181571 The High Court allowed the writ petition challenging the Final Order of the Customs and Excise Settlement Commission, setting aside penalties imposed on the petitioners. The Court held that the Settlement Commission failed to consider the revenue-neutral nature of the transaction and the availability of excess Cenvat credit. The penalties were refunded to the petitioners within two months. en-us Thu, 08 May 2014 00:00:00 +0530 Wed, 20 Apr 2016 09:49:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181571 The High Court allowed the writ petition challenging the Final Order of the Customs and Excise Settlement Commission, setting aside penalties imposed on the petitioners. The Court held that the Settlement Commission failed to consider the revenue-neutral nature of the transaction and the availability of excess Cenvat credit. The penalties were refunded to the petitioners within two months. Case-Laws Central Excise Thu, 08 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181571