https://www.taxtmi.com/caselaws?id=328692 The Appellate Tribunal CESTAT New Delhi allowed the appeal filed by the appellant, setting aside the penalty imposed under Section 11 AC read with Rule 15(2) of the Cenvat Credit Rules, 2004. The Tribunal found that the appellant's failure to reverse the credit from supplementary invoices promptly was not intentional to evade duty payment. As the appellant rectified the error promptly after an audit, the Tribunal held that no further proceedings were warranted. The judgment concluded that the delayed show cause notice for demanding the amount, which was already paid by the appellant, did not justify the penalty imposition. en-us Thu, 26 May 2016 00:00:00 +0530 Fri, 10 Jun 2016 18:22:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328692 The Appellate Tribunal CESTAT New Delhi allowed the appeal filed by the appellant, setting aside the penalty imposed under Section 11 AC read with Rule 15(2) of the Cenvat Credit Rules, 2004. The Tribunal found that the appellant's failure to reverse the credit from supplementary invoices promptly was not intentional to evade duty payment. As the appellant rectified the error promptly after an audit, the Tribunal held that no further proceedings were warranted. The judgment concluded that the delayed show cause notice for demanding the amount, which was already paid by the appellant, did not justify the penalty imposition. Case-Laws Central Excise Thu, 26 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328692