https://www.taxtmi.com/caselaws?id=333162 The Tribunal partially allowed the appeal by setting aside the penalty under Section 11AC of the Central Excise Act, 1944. The appellant's error in paying duty without reversing Cenvat Credit was deemed a bonafide mistake, and the timely payment of the differential duty within eleven months before the Notice was considered. The Tribunal emphasized that not every duty shortfall attracts penalty under Section 11AC, especially in the absence of specific conditions. As a result, the penalty was revoked, and the appeal was partly granted. en-us Thu, 01 Sep 2016 00:00:00 +0530 Wed, 05 Oct 2016 14:58:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333162 The Tribunal partially allowed the appeal by setting aside the penalty under Section 11AC of the Central Excise Act, 1944. The appellant's error in paying duty without reversing Cenvat Credit was deemed a bonafide mistake, and the timely payment of the differential duty within eleven months before the Notice was considered. The Tribunal emphasized that not every duty shortfall attracts penalty under Section 11AC, especially in the absence of specific conditions. As a result, the penalty was revoked, and the appeal was partly granted. Case-Laws Central Excise Thu, 01 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333162