https://www.taxtmi.com/caselaws?id=183789 Capital goods cleared to an ancillary unit beyond the permitted return period attracted duty under the CENVAT Credit Rules, 2002, but penalty was held unsustainable where the assessee reversed the credit promptly with interest and the record showed no fraud, suppression, or mala fide intent. The tribunal applied the bona fide mistake and revenue neutrality principles to the penalty question and set aside the penalty. The duty demand, however, was maintained because the statutory clearance condition was not met. en-us Thu, 05 Feb 2009 00:00:00 +0530 Tue, 21 Jun 2016 17:44:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183789 Capital goods cleared to an ancillary unit beyond the permitted return period attracted duty under the CENVAT Credit Rules, 2002, but penalty was held unsustainable where the assessee reversed the credit promptly with interest and the record showed no fraud, suppression, or mala fide intent. The tribunal applied the bona fide mistake and revenue neutrality principles to the penalty question and set aside the penalty. The duty demand, however, was maintained because the statutory clearance condition was not met. Case-Laws Central Excise Thu, 05 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183789