https://www.taxtmi.com/caselaws?id=341305 The Appellate Tribunal CESTAT NEW DELHI set aside the penalty imposed on the appellant for prematurely availing Cenvat credit without making payment for input services. The Tribunal found that there was no mala fide intent as the credit was not utilized and the closing balance always exceeded the credit availed. Despite the contravention of rules, the Tribunal deemed the penalty unjust due to the lack of wrongful intent, ultimately ruling in favor of the appellant on 21-10-2016. en-us Fri, 21 Oct 2016 00:00:00 +0530 Thu, 06 Apr 2017 07:30:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341305 The Appellate Tribunal CESTAT NEW DELHI set aside the penalty imposed on the appellant for prematurely availing Cenvat credit without making payment for input services. The Tribunal found that there was no mala fide intent as the credit was not utilized and the closing balance always exceeded the credit availed. Despite the contravention of rules, the Tribunal deemed the penalty unjust due to the lack of wrongful intent, ultimately ruling in favor of the appellant on 21-10-2016. Case-Laws Central Excise Fri, 21 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341305