https://www.taxtmi.com/caselaws?id=368500 Inadmissible credit reversed before the show cause notice, and the duty demand was not challenged on merits; on that basis, penalty under Central Excise law was waived for reasonable cause. The Tribunal held that it was unnecessary to decide the extended period issue because doing so would indirectly disturb the undisturbed duty demand. The assessee's prompt reversal and limited challenge to limitation and penalty justified deletion of the penalty, while the duty demand remained intact. en-us Tue, 25 Sep 2018 00:00:00 +0530 Wed, 10 Oct 2018 09:07:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368500 Inadmissible credit reversed before the show cause notice, and the duty demand was not challenged on merits; on that basis, penalty under Central Excise law was waived for reasonable cause. The Tribunal held that it was unnecessary to decide the extended period issue because doing so would indirectly disturb the undisturbed duty demand. The assessee's prompt reversal and limited challenge to limitation and penalty justified deletion of the penalty, while the duty demand remained intact. Case-Laws Central Excise Tue, 25 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368500