https://www.taxtmi.com/caselaws?id=343933 Penalty under the CENVAT credit regime was held unsustainable where credit on outdoor catering services was taken under a bona fide belief and the dispute turned on conflicting interpretations of law. The record showed that the credit issue had earlier been accepted at the initial stage, the matter was later remanded only for quantification, and the amount found payable was discharged with interest. As fraud, collusion, wilful misstatement, suppression of facts, or intent to evade duty were not established, penal action was not justified. The penalty was set aside, while the duty liability already paid with interest remained undisturbed. en-us Fri, 21 Apr 2017 00:00:00 +0530 Thu, 22 Jun 2017 12:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343933 Penalty under the CENVAT credit regime was held unsustainable where credit on outdoor catering services was taken under a bona fide belief and the dispute turned on conflicting interpretations of law. The record showed that the credit issue had earlier been accepted at the initial stage, the matter was later remanded only for quantification, and the amount found payable was discharged with interest. As fraud, collusion, wilful misstatement, suppression of facts, or intent to evade duty were not established, penal action was not justified. The penalty was set aside, while the duty liability already paid with interest remained undisturbed. Case-Laws Central Excise Fri, 21 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343933