https://www.taxtmi.com/caselaws?id=362242 The Commissioner (Appeals) dropped the penalty under Section 11AC of the Central Excise Act imposed on the respondent for failing to reverse CENVAT Credit promptly after audit intervention. The Revenue's appeal seeking restoration of the penalty was dismissed by the court. The court found that the respondent's actions were in compliance with the relevant rules, indicating no deliberate evasion of duty payment and no malicious intent. Therefore, the penalty under Section 11AC was rightfully dropped, and the impugned order was upheld in favor of the respondent. en-us Wed, 23 May 2018 00:00:00 +0530 Fri, 22 Jun 2018 06:55:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362242 The Commissioner (Appeals) dropped the penalty under Section 11AC of the Central Excise Act imposed on the respondent for failing to reverse CENVAT Credit promptly after audit intervention. The Revenue's appeal seeking restoration of the penalty was dismissed by the court. The court found that the respondent's actions were in compliance with the relevant rules, indicating no deliberate evasion of duty payment and no malicious intent. Therefore, the penalty under Section 11AC was rightfully dropped, and the impugned order was upheld in favor of the respondent. Case-Laws Central Excise Wed, 23 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362242