https://www.taxtmi.com/caselaws?id=372526 The Tribunal set aside the penalty imposed under Section 78 of the Finance Act, 1994 on the appellant for availing CENVAT credit in contravention of rules. The appellant rectified errors, paid demanded amounts with interest before a show-cause notice was issued, invoking Section 73(3) of the Finance Act. The appellant's proactive approach in settling dues pre-notice, supported by legal precedents, led the Tribunal to rule in their favor, emphasizing the preclusion of show-cause notice issuance under Section 73(3) once tax and interest are paid. en-us Tue, 27 Nov 2018 00:00:00 +0530 Tue, 25 Dec 2018 08:22:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372526 The Tribunal set aside the penalty imposed under Section 78 of the Finance Act, 1994 on the appellant for availing CENVAT credit in contravention of rules. The appellant rectified errors, paid demanded amounts with interest before a show-cause notice was issued, invoking Section 73(3) of the Finance Act. The appellant's proactive approach in settling dues pre-notice, supported by legal precedents, led the Tribunal to rule in their favor, emphasizing the preclusion of show-cause notice issuance under Section 73(3) once tax and interest are paid. Case-Laws Service Tax Tue, 27 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372526