https://www.taxtmi.com/caselaws?id=350258 The Tribunal dismissed the Revenue's appeal, upholding the Commissioner (Appeals)'s decision to set aside the penalty imposed on M/s Kalinga Commercial Corporation for irregularly availing CENVAT Credit. The Tribunal found no evidence of willful misstatement or intent to evade duty payment, affirming the lack of malafide intent on the part of the respondent. The judgment favored the respondent, confirming the reduction of penalty and emphasizing compliance with the payment requirements within the stipulated time frame. en-us Tue, 30 May 2017 00:00:00 +0530 Fri, 03 Nov 2017 10:09:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350258 The Tribunal dismissed the Revenue's appeal, upholding the Commissioner (Appeals)'s decision to set aside the penalty imposed on M/s Kalinga Commercial Corporation for irregularly availing CENVAT Credit. The Tribunal found no evidence of willful misstatement or intent to evade duty payment, affirming the lack of malafide intent on the part of the respondent. The judgment favored the respondent, confirming the reduction of penalty and emphasizing compliance with the payment requirements within the stipulated time frame. Case-Laws Central Excise Tue, 30 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350258