https://www.taxtmi.com/caselaws?id=336876 The Tribunal confirmed the demand for penalty and interest on the Appellant Company for delayed reversal of CENVAT credit on destroyed inputs, deeming it a deliberate act to evade duty payment. While the penalty on the company was upheld, the personal penalty on the employee was overturned due to lack of evidence linking the employee to the non-reversal of credit. The appeal by the company was rejected, but the employee's appeal was successful in overturning the personal penalty imposed on him. en-us Thu, 24 Nov 2016 00:00:00 +0530 Thu, 16 Nov 2017 18:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336876 The Tribunal confirmed the demand for penalty and interest on the Appellant Company for delayed reversal of CENVAT credit on destroyed inputs, deeming it a deliberate act to evade duty payment. While the penalty on the company was upheld, the personal penalty on the employee was overturned due to lack of evidence linking the employee to the non-reversal of credit. The appeal by the company was rejected, but the employee's appeal was successful in overturning the personal penalty imposed on him. Case-Laws Central Excise Thu, 24 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336876