https://www.taxtmi.com/caselaws?id=369570 The Tribunal ruled in favor of the appellant, a sugar and molasses manufacturer, in a case concerning the wrongful availment of CENVAT credit. Despite the irregularities being rectified post-audit, penalties were imposed, and an extended period of limitation was invoked by the department. The appellant successfully argued against the penalties, citing compliance post-audit and the absence of suppression. The Tribunal considered legal precedents and statutory provisions, ultimately setting aside the penalty and allowing the appeal. en-us Mon, 22 Oct 2018 00:00:00 +0530 Wed, 31 Oct 2018 10:06:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369570 The Tribunal ruled in favor of the appellant, a sugar and molasses manufacturer, in a case concerning the wrongful availment of CENVAT credit. Despite the irregularities being rectified post-audit, penalties were imposed, and an extended period of limitation was invoked by the department. The appellant successfully argued against the penalties, citing compliance post-audit and the absence of suppression. The Tribunal considered legal precedents and statutory provisions, ultimately setting aside the penalty and allowing the appeal. Case-Laws Central Excise Mon, 22 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369570