https://www.taxtmi.com/caselaws?id=372152 The tribunal set aside the penalty imposition on the appellant for irregular CENVAT credit availed, noting the appellant's prompt rectification of the irregular credit upon audit observation. The tribunal found no evidence of intentional duty evasion, emphasizing the voluntary reversal of credit and partial penalty payment made by the appellant. Relying on precedent judgments, the tribunal concluded that the penalty imposition was unwarranted, ultimately allowing the appeal of the appellant, a 100% Export Oriented Unit. en-us Tue, 04 Dec 2018 00:00:00 +0530 Wed, 19 Dec 2018 06:49:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372152 The tribunal set aside the penalty imposition on the appellant for irregular CENVAT credit availed, noting the appellant's prompt rectification of the irregular credit upon audit observation. The tribunal found no evidence of intentional duty evasion, emphasizing the voluntary reversal of credit and partial penalty payment made by the appellant. Relying on precedent judgments, the tribunal concluded that the penalty imposition was unwarranted, ultimately allowing the appeal of the appellant, a 100% Export Oriented Unit. Case-Laws Central Excise Tue, 04 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372152