https://www.taxtmi.com/caselaws?id=374398 The tribunal found in favor of the appellants, M/s. Pricol Ltd., in a case involving unauthorized transfer and distribution of CENVAT Credit. It held that the actions taken by the company were procedural corrections rather than substantive violations, resulting in a revenue-neutral outcome. The penalties imposed by the Original Authority were deemed unsustainable as no financial injury was caused to the exchequer. The tribunal set aside the impugned order, allowing the appeals with consequential reliefs as per law. en-us Tue, 29 Jan 2019 00:00:00 +0530 Thu, 23 Jan 2020 14:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374398 The tribunal found in favor of the appellants, M/s. Pricol Ltd., in a case involving unauthorized transfer and distribution of CENVAT Credit. It held that the actions taken by the company were procedural corrections rather than substantive violations, resulting in a revenue-neutral outcome. The penalties imposed by the Original Authority were deemed unsustainable as no financial injury was caused to the exchequer. The tribunal set aside the impugned order, allowing the appeals with consequential reliefs as per law. Case-Laws Service Tax Tue, 29 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374398