https://www.taxtmi.com/caselaws?id=349108 The tribunal partly allowed the appeal, setting aside penalties but upholding the demand for CENVAT credit and interest. The appellant inadvertently failed to reverse credit for goods transferred to the EOU unit, rectifying the error partially upon realization. The tribunal deemed the penalty unwarranted due to the revenue-neutral nature of the situation, in line with a relevant High Court judgment. Penalties under CENVAT Credit Rules and Central Excise Act were set aside, maintaining the demand for credit and interest. en-us Fri, 04 Aug 2017 00:00:00 +0530 Sat, 07 Oct 2017 08:55:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349108 The tribunal partly allowed the appeal, setting aside penalties but upholding the demand for CENVAT credit and interest. The appellant inadvertently failed to reverse credit for goods transferred to the EOU unit, rectifying the error partially upon realization. The tribunal deemed the penalty unwarranted due to the revenue-neutral nature of the situation, in line with a relevant High Court judgment. Penalties under CENVAT Credit Rules and Central Excise Act were set aside, maintaining the demand for credit and interest. Case-Laws Central Excise Fri, 04 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349108