https://www.taxtmi.com/caselaws?id=192874 The tribunal set aside the penalty imposed on the appellants in a case involving incorrect availing of Cenvat credit on capital goods, short payment of duties, and wrong assessment under Section 4A of Central Excise. The appellants admitted errors, promptly rectified mistakes, and did not contest the demand and interest. The tribunal acknowledged their proactive approach, accepted clerical mistakes for wrong abatement, and found no deliberate suppression to evade duty. Consequently, the penalty was deemed unjustified, and the appeal was disposed of in favor of the appellants. en-us Wed, 22 Jun 2016 00:00:00 +0530 Wed, 28 Jun 2017 08:23:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192874 The tribunal set aside the penalty imposed on the appellants in a case involving incorrect availing of Cenvat credit on capital goods, short payment of duties, and wrong assessment under Section 4A of Central Excise. The appellants admitted errors, promptly rectified mistakes, and did not contest the demand and interest. The tribunal acknowledged their proactive approach, accepted clerical mistakes for wrong abatement, and found no deliberate suppression to evade duty. Consequently, the penalty was deemed unjustified, and the appeal was disposed of in favor of the appellants. Case-Laws Central Excise Wed, 22 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192874