https://www.taxtmi.com/caselaws?id=336674 The Tribunal upheld the decision of the first appellate authority to set aside penalties imposed by the adjudicating authority on a respondent for not maintaining separate accounts for inputs used in exempted and dutiable products. The Tribunal found that penalties under the Cenvat Credit Rules were unwarranted as the respondent had paid the required amount before the show cause notice was issued, and the penalties imposed were deemed incorrect due to the absence of a recovery mechanism under the Central Excise Act. Consequently, the appeal filed by the Revenue was rejected. en-us Fri, 10 Jun 2016 00:00:00 +0530 Fri, 10 Feb 2017 12:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336674 The Tribunal upheld the decision of the first appellate authority to set aside penalties imposed by the adjudicating authority on a respondent for not maintaining separate accounts for inputs used in exempted and dutiable products. The Tribunal found that penalties under the Cenvat Credit Rules were unwarranted as the respondent had paid the required amount before the show cause notice was issued, and the penalties imposed were deemed incorrect due to the absence of a recovery mechanism under the Central Excise Act. Consequently, the appeal filed by the Revenue was rejected. Case-Laws Central Excise Fri, 10 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336674