https://www.taxtmi.com/caselaws?id=370486 The Tribunal allowed the appeal, setting aside the penalty imposed on the appellant for allegedly availing inadmissible Cenvat Credits. The Tribunal found that the appellant's actions did not amount to willful suppression of facts or deliberate non-disclosure, considering the appellant's past audit history, the small percentage of inadmissible credit, and the proactive reversal of credits upon audit findings. The Tribunal emphasized that previous audits could not be used as a defense and highlighted the purpose of audits for tax compliance and revenue protection. The appellant's reliance on a Supreme Court case regarding intentional evasion of duty payment was also addressed, leading to the favorable outcome for the appellant. en-us Fri, 26 Oct 2018 00:00:00 +0530 Mon, 19 Nov 2018 08:36:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370486 The Tribunal allowed the appeal, setting aside the penalty imposed on the appellant for allegedly availing inadmissible Cenvat Credits. The Tribunal found that the appellant's actions did not amount to willful suppression of facts or deliberate non-disclosure, considering the appellant's past audit history, the small percentage of inadmissible credit, and the proactive reversal of credits upon audit findings. The Tribunal emphasized that previous audits could not be used as a defense and highlighted the purpose of audits for tax compliance and revenue protection. The appellant's reliance on a Supreme Court case regarding intentional evasion of duty payment was also addressed, leading to the favorable outcome for the appellant. Case-Laws Central Excise Fri, 26 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370486