https://www.taxtmi.com/caselaws?id=363217 The Tribunal set aside the penalty imposed on the appellant under section 11AC of the Central Excise Act for failure to reverse cenvat credit attributable to the manufacture of exempted goods. The appellant's voluntary reversal of the credit upon audit notification was deemed sufficient, leading to the conclusion that no penalty was warranted. The rest of the demand was confirmed, and the appeal was disposed of accordingly. en-us Tue, 26 Jun 2018 00:00:00 +0530 Tue, 10 Jul 2018 07:30:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363217 The Tribunal set aside the penalty imposed on the appellant under section 11AC of the Central Excise Act for failure to reverse cenvat credit attributable to the manufacture of exempted goods. The appellant's voluntary reversal of the credit upon audit notification was deemed sufficient, leading to the conclusion that no penalty was warranted. The rest of the demand was confirmed, and the appeal was disposed of accordingly. Case-Laws Central Excise Tue, 26 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363217