https://www.taxtmi.com/caselaws?id=360641 The Tribunal clarified that full exemption is required for CENVAT credit eligibility under Rule 6(6)(vii). The appellant's compliance with declaring exemption but not reversing credit showed no fraudulent intent. Penalties were dismissed, and interest reduced due to lack of wilful misstatement. The appellant was not held liable for interest and penalties, emphasizing accurate reporting and absence of intentional wrongdoing. en-us Thu, 17 May 2018 00:00:00 +0530 Mon, 21 May 2018 08:19:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360641 The Tribunal clarified that full exemption is required for CENVAT credit eligibility under Rule 6(6)(vii). The appellant's compliance with declaring exemption but not reversing credit showed no fraudulent intent. Penalties were dismissed, and interest reduced due to lack of wilful misstatement. The appellant was not held liable for interest and penalties, emphasizing accurate reporting and absence of intentional wrongdoing. Case-Laws Central Excise Thu, 17 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360641