https://www.taxtmi.com/caselaws?id=351112 The Tribunal held that the demand for duty on duty-free supplies made by the appellant was time-barred due to the Revenue's knowledge of the situation and the appellant's declarations. The penalty for not reversing Cenvat Credit on cleared inputs was set aside as it was deemed revenue-neutral. The duty confirmation for short stock was upheld, but the penalty was set aside. The denial of Cenvat Credit and penalty imposition were unjustified due to lack of evidence. The penalty on the Director of the Company was also set aside following the main appellant's penalty dismissal. en-us Tue, 14 Nov 2017 00:00:00 +0530 Thu, 28 Dec 2017 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351112 The Tribunal held that the demand for duty on duty-free supplies made by the appellant was time-barred due to the Revenue's knowledge of the situation and the appellant's declarations. The penalty for not reversing Cenvat Credit on cleared inputs was set aside as it was deemed revenue-neutral. The duty confirmation for short stock was upheld, but the penalty was set aside. The denial of Cenvat Credit and penalty imposition were unjustified due to lack of evidence. The penalty on the Director of the Company was also set aside following the main appellant's penalty dismissal. Case-Laws Central Excise Tue, 14 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351112