https://www.taxtmi.com/caselaws?id=346407 The Tribunal partially allowed the appeal, setting aside the penalty under Section 78 of the Finance Act, 1994. The appellants, engaged in sugar manufacturing, paid the service tax with interest before the show-cause notice, arguing no intention to evade tax. The Revenue claimed penalty for non-declaration of tax liability, but the Tribunal found no suppression of facts, confirming Cenvat Credit availability. Emphasizing revenue neutrality and timely tax payment, the Tribunal waived the penalty, stressing the importance of case-specific considerations in penalty imposition. en-us Mon, 31 Jul 2017 00:00:00 +0530 Sat, 16 Sep 2017 16:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346407 The Tribunal partially allowed the appeal, setting aside the penalty under Section 78 of the Finance Act, 1994. The appellants, engaged in sugar manufacturing, paid the service tax with interest before the show-cause notice, arguing no intention to evade tax. The Revenue claimed penalty for non-declaration of tax liability, but the Tribunal found no suppression of facts, confirming Cenvat Credit availability. Emphasizing revenue neutrality and timely tax payment, the Tribunal waived the penalty, stressing the importance of case-specific considerations in penalty imposition. Case-Laws Central Excise Mon, 31 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346407