https://www.taxtmi.com/caselaws?id=330541 The Appellate Tribunal CESTAT Hyderabad found that although the appellant had irregularly availed CENVAT Credit on imported goods not received in the factory, there was no intent to evade duty or commit fraud. The Tribunal attributed the issue to procedural errors and deemed the penalties imposed unjustified due to the lack of evidence of willful misstatement or intent to evade duty. Consequently, the penalties on the appellant and a company official were set aside, affirming the demand for CENVAT Credit with interest. The judgment partly allowed the appeals by modifying the order to set aside the penalties while upholding the demand/recovery of CENVAT Credit. en-us Mon, 13 Jun 2016 00:00:00 +0530 Thu, 17 Nov 2016 16:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330541 The Appellate Tribunal CESTAT Hyderabad found that although the appellant had irregularly availed CENVAT Credit on imported goods not received in the factory, there was no intent to evade duty or commit fraud. The Tribunal attributed the issue to procedural errors and deemed the penalties imposed unjustified due to the lack of evidence of willful misstatement or intent to evade duty. Consequently, the penalties on the appellant and a company official were set aside, affirming the demand for CENVAT Credit with interest. The judgment partly allowed the appeals by modifying the order to set aside the penalties while upholding the demand/recovery of CENVAT Credit. Case-Laws Central Excise Mon, 13 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330541