https://www.taxtmi.com/caselaws?id=356738 The tribunal set aside penalties imposed under section 11AC of the Act in a case involving violations of CENVAT Credit Rules. While upholding duty demand and interest, the tribunal revoked penalties due to the appellant's prompt reversal of credit and duty payment, indicating no intent to evade duty. The decision partially allowed the appeal, emphasizing the lack of deliberate wrongdoing in transferring goods without proper procedures and availing double credit. en-us Tue, 02 Jan 2018 00:00:00 +0530 Mon, 12 Mar 2018 05:43:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356738 The tribunal set aside penalties imposed under section 11AC of the Act in a case involving violations of CENVAT Credit Rules. While upholding duty demand and interest, the tribunal revoked penalties due to the appellant's prompt reversal of credit and duty payment, indicating no intent to evade duty. The decision partially allowed the appeal, emphasizing the lack of deliberate wrongdoing in transferring goods without proper procedures and availing double credit. Case-Laws Central Excise Tue, 02 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356738