https://www.taxtmi.com/caselaws?id=353887 The Tribunal set aside the penalty imposed on the appellants for availing Cenvat credit on inputs used for repair and maintenance activities. The appellants promptly reversed the credit with interest upon notification by officers, acting under a bonafide belief. The Tribunal found the show cause notice issued beyond the limitation period, invoking an extended period, to be barred by limitation. The demand and interest not challenged were confirmed, but the penalty was overturned based on the High Court decision and the appellants' compliance. en-us Tue, 21 Nov 2017 00:00:00 +0530 Mon, 15 Jan 2018 07:41:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353887 The Tribunal set aside the penalty imposed on the appellants for availing Cenvat credit on inputs used for repair and maintenance activities. The appellants promptly reversed the credit with interest upon notification by officers, acting under a bonafide belief. The Tribunal found the show cause notice issued beyond the limitation period, invoking an extended period, to be barred by limitation. The demand and interest not challenged were confirmed, but the penalty was overturned based on the High Court decision and the appellants' compliance. Case-Laws Central Excise Tue, 21 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353887