https://www.taxtmi.com/caselaws?id=349341 The Tribunal set aside the demand for interest and penalty imposed on the appellant, ruling in favor of the appellant. The appellant promptly rectified the excess cenvat credit upon notification, demonstrating no malafide intention. The Tribunal acknowledged that ignorance of the law is not a valid excuse but considered the appellant's immediate action as indicative of good faith. Consequently, the Tribunal concluded that no penalty should be imposed on the appellant. en-us Wed, 30 Aug 2017 00:00:00 +0530 Thu, 12 Oct 2017 08:18:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349341 The Tribunal set aside the demand for interest and penalty imposed on the appellant, ruling in favor of the appellant. The appellant promptly rectified the excess cenvat credit upon notification, demonstrating no malafide intention. The Tribunal acknowledged that ignorance of the law is not a valid excuse but considered the appellant's immediate action as indicative of good faith. Consequently, the Tribunal concluded that no penalty should be imposed on the appellant. Case-Laws Central Excise Wed, 30 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349341