https://www.taxtmi.com/caselaws?id=355356 Penalties were set aside where the duty and credit liabilities had already been discharged and the lapse was found to be inadvertent. The record showed that the non-inclusion of free issue material value, non-amortisation of tool cost, and excess Cenvat credit on inter-unit transfers arose from a procedural misunderstanding and misinterpretation of law, with no allegation of clandestine removal or deliberate evasion. While the confirmed duty and credit liability remained undisturbed, the penal provisions under Section 11AC of the Central Excise Act, 1944 and Rule 25 of the Cenvat Credit Rules, 2002 / Rule 15 of the Cenvat Credit Rules, 2004 were not sustained. en-us Thu, 21 Sep 2017 00:00:00 +0530 Wed, 14 Feb 2018 09:32:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355356 Penalties were set aside where the duty and credit liabilities had already been discharged and the lapse was found to be inadvertent. The record showed that the non-inclusion of free issue material value, non-amortisation of tool cost, and excess Cenvat credit on inter-unit transfers arose from a procedural misunderstanding and misinterpretation of law, with no allegation of clandestine removal or deliberate evasion. While the confirmed duty and credit liability remained undisturbed, the penal provisions under Section 11AC of the Central Excise Act, 1944 and Rule 25 of the Cenvat Credit Rules, 2002 / Rule 15 of the Cenvat Credit Rules, 2004 were not sustained. Case-Laws Central Excise Thu, 21 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355356