https://www.taxtmi.com/caselaws?id=351362 The Tribunal set aside the penalty imposed under section 11AC of the Central Excise Act in a case involving a violation of Rule 3(5) of CENVAT Credit Rules, 2004. The appellant, engaged in manufacturing lubricating oil, promptly paid the short-paid duty upon detection by the department before the show cause notice was issued. The Tribunal recognized the revenue-neutral aspect of the situation and referred to relevant precedents to support its decision. Consequently, the penalty was overturned, partially allowing the appeal with consequential relief. en-us Thu, 31 Aug 2017 00:00:00 +0530 Fri, 24 Nov 2017 06:24:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351362 The Tribunal set aside the penalty imposed under section 11AC of the Central Excise Act in a case involving a violation of Rule 3(5) of CENVAT Credit Rules, 2004. The appellant, engaged in manufacturing lubricating oil, promptly paid the short-paid duty upon detection by the department before the show cause notice was issued. The Tribunal recognized the revenue-neutral aspect of the situation and referred to relevant precedents to support its decision. Consequently, the penalty was overturned, partially allowing the appeal with consequential relief. Case-Laws Central Excise Thu, 31 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351362