https://www.taxtmi.com/caselaws?id=191521 Penalty was not warranted where irregular Cenvat credit was reversed and duty with interest was paid before issuance of the show cause notice after the discrepancy was detected in audit. The authorities found that the record did not establish suppression of facts, misdeclaration, or intent to evade duty, and treated the matter as one calling for waiver of penalty. The appellate forum accepted that concurrent factual finding and declined to interfere, leaving the penalty order unsustainable and the Revenue's challenge unsuccessful. en-us Fri, 08 Apr 2011 00:00:00 +0530 Mon, 09 Apr 2018 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191521 Penalty was not warranted where irregular Cenvat credit was reversed and duty with interest was paid before issuance of the show cause notice after the discrepancy was detected in audit. The authorities found that the record did not establish suppression of facts, misdeclaration, or intent to evade duty, and treated the matter as one calling for waiver of penalty. The appellate forum accepted that concurrent factual finding and declined to interfere, leaving the penalty order unsustainable and the Revenue's challenge unsuccessful. Case-Laws Central Excise Fri, 08 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191521