https://www.taxtmi.com/caselaws?id=338916 The tribunal found that although there was irregular availment of credit on duty paid timber logs, the penalty imposed was unjustified as the failure to reverse the credit was deemed a bona fide mistake and not willful suppression. The appellant's immediate payment upon detection indicated lack of intent to evade duty payment. The tribunal modified the order, setting aside the penalty and revising it to the duty pertaining to the extended period only. The appellant was directed to pay a proportionate penalty for the extended period, partly allowing the appeal with consequential reliefs. en-us Fri, 06 Jan 2017 00:00:00 +0530 Wed, 15 Feb 2017 08:30:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338916 The tribunal found that although there was irregular availment of credit on duty paid timber logs, the penalty imposed was unjustified as the failure to reverse the credit was deemed a bona fide mistake and not willful suppression. The appellant's immediate payment upon detection indicated lack of intent to evade duty payment. The tribunal modified the order, setting aside the penalty and revising it to the duty pertaining to the extended period only. The appellant was directed to pay a proportionate penalty for the extended period, partly allowing the appeal with consequential reliefs. Case-Laws Central Excise Fri, 06 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338916