https://www.taxtmi.com/caselaws?id=357048 The Appellate Tribunal CESTAT MUMBAI ruled in favor of the appellant, setting aside the penalty imposed under Section 11AC of the Central Excise Act, 1944. The Tribunal found that the Cenvat credit dispute was resolved in favor of the appellant, except for a minor portion related to common input services linked to trading activities. As the show cause notices were issued within the normal period and based on disclosed facts, no penalty was justified. The decision highlighted the importance of factual disclosure and absence of malafide intent, leading to the waiver of the penalty. en-us Fri, 27 Oct 2017 00:00:00 +0530 Sat, 17 Mar 2018 08:00:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357048 The Appellate Tribunal CESTAT MUMBAI ruled in favor of the appellant, setting aside the penalty imposed under Section 11AC of the Central Excise Act, 1944. The Tribunal found that the Cenvat credit dispute was resolved in favor of the appellant, except for a minor portion related to common input services linked to trading activities. As the show cause notices were issued within the normal period and based on disclosed facts, no penalty was justified. The decision highlighted the importance of factual disclosure and absence of malafide intent, leading to the waiver of the penalty. Case-Laws Central Excise Fri, 27 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357048