https://www.taxtmi.com/caselaws?id=368191 The court allowed the appeal, overturning the decision confirming the penalty amount imposed on the appellant for availing ineligible credit against payment of Education Cess and Secondary & Higher Education Cess on counter veiling duty. The court held that the appellant's actions did not amount to suppression, willful misstatement, or fraud, as they had paid the full duty demand amount through Cess, which was no longer applicable. The court considered the appellant's mistake as a genuine error due to lack of awareness of the rule change, leading to the reduction of the penalty amount to 50%. en-us Mon, 17 Sep 2018 00:00:00 +0530 Thu, 04 Oct 2018 07:29:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368191 The court allowed the appeal, overturning the decision confirming the penalty amount imposed on the appellant for availing ineligible credit against payment of Education Cess and Secondary & Higher Education Cess on counter veiling duty. The court held that the appellant's actions did not amount to suppression, willful misstatement, or fraud, as they had paid the full duty demand amount through Cess, which was no longer applicable. The court considered the appellant's mistake as a genuine error due to lack of awareness of the rule change, leading to the reduction of the penalty amount to 50%. Case-Laws Central Excise Mon, 17 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368191