https://www.taxtmi.com/caselaws?id=327677 The Tribunal allowed the appeal by reducing the penalty imposed on the appellant from &8377; 2.00 Lakhs to &8377; 10,000 under Rule 173Q (1) (bb) of the Central Excise Rules, 1944. The appellant was found liable for wrongly taking credit on inputs but benefited temporarily from the credit as all consignments were received within the prescribed time limit. The penalty reduction was deemed appropriate to meet the ends of justice. en-us Fri, 06 May 2016 00:00:00 +0530 Wed, 04 Jan 2017 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327677 The Tribunal allowed the appeal by reducing the penalty imposed on the appellant from &8377; 2.00 Lakhs to &8377; 10,000 under Rule 173Q (1) (bb) of the Central Excise Rules, 1944. The appellant was found liable for wrongly taking credit on inputs but benefited temporarily from the credit as all consignments were received within the prescribed time limit. The penalty reduction was deemed appropriate to meet the ends of justice. Case-Laws Central Excise Fri, 06 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327677