https://www.taxtmi.com/caselaws?id=347389 The Tribunal found in favor of the appellant, a manufacturer of excisable goods, in a case concerning compliance with Rule 3(5) of the Cenvat Credit Rules, 2004. The appellant failed to reverse credit availed on cleared inputs, resulting in a demand of Rs. 8,17,408. Despite disputing the differential credit amount, the appellant acknowledged the error and offered to pay the correct sum with interest. The Tribunal ruled that the penalty was unjustified, considering the appellant's disclosure and willingness to rectify the mistake, ultimately setting aside the penalty imposed in the lower authorities' decision. en-us Thu, 29 Jun 2017 00:00:00 +0530 Mon, 04 Sep 2017 08:57:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347389 The Tribunal found in favor of the appellant, a manufacturer of excisable goods, in a case concerning compliance with Rule 3(5) of the Cenvat Credit Rules, 2004. The appellant failed to reverse credit availed on cleared inputs, resulting in a demand of Rs. 8,17,408. Despite disputing the differential credit amount, the appellant acknowledged the error and offered to pay the correct sum with interest. The Tribunal ruled that the penalty was unjustified, considering the appellant's disclosure and willingness to rectify the mistake, ultimately setting aside the penalty imposed in the lower authorities' decision. Case-Laws Central Excise Thu, 29 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347389