https://www.taxtmi.com/caselaws?id=342543 The Tribunal upheld the interest liability on the appellant but set aside the penalties imposed by the lower authorities. The penalties were deemed unjustified as the appellant had reversed the credit upon realizing the raw materials were unusable, without intent to evade duty. The Tribunal emphasized penalties are for ineligible credit with intent to evade duty. Interest liability was confirmed, citing relevant precedents. The judgment stressed adherence to legal provisions and precedents in excise matters. en-us Mon, 20 Mar 2017 00:00:00 +0530 Sat, 06 May 2017 10:42:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342543 The Tribunal upheld the interest liability on the appellant but set aside the penalties imposed by the lower authorities. The penalties were deemed unjustified as the appellant had reversed the credit upon realizing the raw materials were unusable, without intent to evade duty. The Tribunal emphasized penalties are for ineligible credit with intent to evade duty. Interest liability was confirmed, citing relevant precedents. The judgment stressed adherence to legal provisions and precedents in excise matters. Case-Laws Central Excise Mon, 20 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342543