https://www.taxtmi.com/caselaws?id=350269 Where wrongly availed credit or related duty amounts are reversed or paid with interest before adjudication after being pointed out, the protective scheme of Section 11A(2B) applies and penalty proceedings are not sustainable. The discussion notes that excess credit on capital goods, issues concerning non-amortisation of free-supplied material value, and credit on returned goods were rectified by reversal or payment with interest before adjudication. On that basis, continuation of the show-cause proceedings for penalty was held unwarranted, and the penal demand could not be sustained. en-us Fri, 22 Sep 2017 00:00:00 +0530 Fri, 03 Nov 2017 10:09:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350269 Where wrongly availed credit or related duty amounts are reversed or paid with interest before adjudication after being pointed out, the protective scheme of Section 11A(2B) applies and penalty proceedings are not sustainable. The discussion notes that excess credit on capital goods, issues concerning non-amortisation of free-supplied material value, and credit on returned goods were rectified by reversal or payment with interest before adjudication. On that basis, continuation of the show-cause proceedings for penalty was held unwarranted, and the penal demand could not be sustained. Case-Laws Central Excise Fri, 22 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350269