https://www.taxtmi.com/caselaws?id=367691 Penalties were held unsustainable where the Revenue relied on a single statement contradicted by another officer's statement and no independent corroboration showed wrongful credit availment or clandestine removal; the corresponding duty confirmations remained undisturbed because the amounts had already been reversed and interest paid. Demand on bagasse and press mud cleared as exempted goods under Rule 6(3) of the Cenvat Credit Rules was also set aside, the issue being governed by binding Supreme Court precedent treating such demand as unsustainable. The connected penalties on that issue fell with the demand. en-us Thu, 09 Aug 2018 00:00:00 +0530 Tue, 25 Sep 2018 08:22:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367691 Penalties were held unsustainable where the Revenue relied on a single statement contradicted by another officer's statement and no independent corroboration showed wrongful credit availment or clandestine removal; the corresponding duty confirmations remained undisturbed because the amounts had already been reversed and interest paid. Demand on bagasse and press mud cleared as exempted goods under Rule 6(3) of the Cenvat Credit Rules was also set aside, the issue being governed by binding Supreme Court precedent treating such demand as unsustainable. The connected penalties on that issue fell with the demand. Case-Laws Central Excise Thu, 09 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367691