https://www.taxtmi.com/caselaws?id=358101 The Tribunal ruled in favor of the appellant in a case concerning disallowance and demand of CENVAT credit and the imposition of penalty under Section 11AC of the Central Excise Act. The appellant, a sugar manufacturer, successfully argued that they were entitled to credit on components of capital goods, had not suppressed any material fact, and lacked intent to evade duty. Consequently, the Tribunal found the imposition of penalty not legally tenable and allowed the appeal, dropping the penalty. en-us Tue, 16 Jan 2018 00:00:00 +0530 Fri, 06 Apr 2018 07:44:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358101 The Tribunal ruled in favor of the appellant in a case concerning disallowance and demand of CENVAT credit and the imposition of penalty under Section 11AC of the Central Excise Act. The appellant, a sugar manufacturer, successfully argued that they were entitled to credit on components of capital goods, had not suppressed any material fact, and lacked intent to evade duty. Consequently, the Tribunal found the imposition of penalty not legally tenable and allowed the appeal, dropping the penalty. Case-Laws Central Excise Tue, 16 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358101