https://www.taxtmi.com/caselaws?id=361148 The tribunal allowed the appellant to avail CENVAT credit on goods returned for reprocessing despite procedural lapses. However, the penalty under Section 11AC for negative CENVAT credit balance was upheld due to allegations of irregularity and evasion of excise duty. The appellant's claim for CENVAT credit on inputs found short during verification was rejected, with the tribunal ruling that the appellant must reverse the credit or pay duty equivalent to the unaccounted raw material. The appeal was partially allowed, with the remaining order-in-appeal upheld. en-us Tue, 29 May 2018 00:00:00 +0530 Thu, 31 May 2018 09:04:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361148 The tribunal allowed the appellant to avail CENVAT credit on goods returned for reprocessing despite procedural lapses. However, the penalty under Section 11AC for negative CENVAT credit balance was upheld due to allegations of irregularity and evasion of excise duty. The appellant's claim for CENVAT credit on inputs found short during verification was rejected, with the tribunal ruling that the appellant must reverse the credit or pay duty equivalent to the unaccounted raw material. The appeal was partially allowed, with the remaining order-in-appeal upheld. Case-Laws Central Excise Tue, 29 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361148