https://www.taxtmi.com/caselaws?id=360947 The Tribunal allowed the appeal, confirming the recovery of credit and interest while setting aside the penalty imposed on the appellant. The judgment emphasized the importance of accurate credit distribution by Input Service Distributors (ISDs) and the obligation of recipients to ensure compliance. It highlighted the significance of promptly rectifying errors upon audit detection and the absence of fraudulent intent in determining penalty imposition under CENVAT Credit Rules, 2004. en-us Thu, 17 May 2018 00:00:00 +0530 Sat, 26 May 2018 07:46:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360947 The Tribunal allowed the appeal, confirming the recovery of credit and interest while setting aside the penalty imposed on the appellant. The judgment emphasized the importance of accurate credit distribution by Input Service Distributors (ISDs) and the obligation of recipients to ensure compliance. It highlighted the significance of promptly rectifying errors upon audit detection and the absence of fraudulent intent in determining penalty imposition under CENVAT Credit Rules, 2004. Case-Laws Central Excise Thu, 17 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360947