https://www.taxtmi.com/caselaws?id=349799 The appellate authority upheld the penalty imposed on the appellant for not reversing the cenvat credit on repair inputs used in transformer manufacturing. The penalty amount was initially set at Rs. 2,36,148 due to exportation of repaired transformers. Despite the confusion surrounding the duty payment on repaired transformers, the penalty under Section 11AC of the Cenvat Credit Rules 2004 was not waived. However, the authority reduced the penalty to 25% of the demanded amount, citing relevant legal precedents and circulars, thereby partially allowing the appeal. en-us Fri, 04 Aug 2017 00:00:00 +0530 Thu, 26 Oct 2017 08:34:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349799 The appellate authority upheld the penalty imposed on the appellant for not reversing the cenvat credit on repair inputs used in transformer manufacturing. The penalty amount was initially set at Rs. 2,36,148 due to exportation of repaired transformers. Despite the confusion surrounding the duty payment on repaired transformers, the penalty under Section 11AC of the Cenvat Credit Rules 2004 was not waived. However, the authority reduced the penalty to 25% of the demanded amount, citing relevant legal precedents and circulars, thereby partially allowing the appeal. Case-Laws Central Excise Fri, 04 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349799