https://www.taxtmi.com/caselaws?id=370736 The appellant successfully challenged the demand for duty, interest, and penalty under Sections 11AA and 11AC of the Central Excise Act. The Member (Judicial) found no suppression or fraud, noting the voluntary reversal of alleged irregular CENVAT Credit. Relying on precedents, the Member held that the extended limitation period was invalid and that interest and penalty were unwarranted. The appellant's assertion that the ineligible credit remained unused and was reversed was accepted, leading to the deletion of interest and penalty in the judgment dated 28.08.2018. en-us Tue, 28 Aug 2018 00:00:00 +0530 Fri, 23 Nov 2018 09:34:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370736 The appellant successfully challenged the demand for duty, interest, and penalty under Sections 11AA and 11AC of the Central Excise Act. The Member (Judicial) found no suppression or fraud, noting the voluntary reversal of alleged irregular CENVAT Credit. Relying on precedents, the Member held that the extended limitation period was invalid and that interest and penalty were unwarranted. The appellant's assertion that the ineligible credit remained unused and was reversed was accepted, leading to the deletion of interest and penalty in the judgment dated 28.08.2018. Case-Laws Central Excise Tue, 28 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370736