https://www.taxtmi.com/caselaws?id=339239 The Tribunal set aside the penalty imposed on the appellant under section 11AC of the Act, as the show cause notice was issued beyond the prescribed time limit and lacked evidence of malafide intent or evasion. The appellant had paid duty and interest upon Audit's observation, entitling them to Cenvat Credit, as per section 11A(2B). The Tribunal emphasized the significance of timely show cause notices and the need to prove malafides for penalty imposition, following the precedent set in the Orissa Bridge & Construction Corpn. Ltd. case. en-us Mon, 02 Jan 2017 00:00:00 +0530 Wed, 22 Feb 2017 17:04:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339239 The Tribunal set aside the penalty imposed on the appellant under section 11AC of the Act, as the show cause notice was issued beyond the prescribed time limit and lacked evidence of malafide intent or evasion. The appellant had paid duty and interest upon Audit's observation, entitling them to Cenvat Credit, as per section 11A(2B). The Tribunal emphasized the significance of timely show cause notices and the need to prove malafides for penalty imposition, following the precedent set in the Orissa Bridge & Construction Corpn. Ltd. case. Case-Laws Central Excise Mon, 02 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339239