https://www.taxtmi.com/caselaws?id=369666 The Appellate Tribunal partially allowed the appeal in a case involving the availing of cenvat credit on an exempted final product and non-payment of paper cess and education cess. The Tribunal set aside the penalty under Section 11AC due to the absence of malafide intention and lack of provision for penalty in such cases. The Tribunal upheld the denial of credit, interest, and penalty, as well as the confirmation of cess amounts. The appellant agreed to repay the reversed credit and pay interest within the limitation period, resulting in the quantification and recovery of interest within the specified timeframe. en-us Thu, 11 Oct 2018 00:00:00 +0530 Thu, 01 Nov 2018 13:52:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369666 The Appellate Tribunal partially allowed the appeal in a case involving the availing of cenvat credit on an exempted final product and non-payment of paper cess and education cess. The Tribunal set aside the penalty under Section 11AC due to the absence of malafide intention and lack of provision for penalty in such cases. The Tribunal upheld the denial of credit, interest, and penalty, as well as the confirmation of cess amounts. The appellant agreed to repay the reversed credit and pay interest within the limitation period, resulting in the quantification and recovery of interest within the specified timeframe. Case-Laws Central Excise Thu, 11 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369666