https://www.taxtmi.com/caselaws?id=332792 The case involved the distribution of inadmissible cenvat credit from a tax-exempt unit to another unit. The appellant mistakenly distributed ineligible credit, claiming it was a bonafide error. However, the Department found the credit was utilized before a voluntary payment was made post-intervention. The Tribunal upheld the penalty imposition, emphasizing the importance of proactive compliance with tax regulations and accountability for errors. en-us Wed, 17 Aug 2016 00:00:00 +0530 Sat, 25 Feb 2017 11:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332792 The case involved the distribution of inadmissible cenvat credit from a tax-exempt unit to another unit. The appellant mistakenly distributed ineligible credit, claiming it was a bonafide error. However, the Department found the credit was utilized before a voluntary payment was made post-intervention. The Tribunal upheld the penalty imposition, emphasizing the importance of proactive compliance with tax regulations and accountability for errors. Case-Laws Central Excise Wed, 17 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332792