https://www.taxtmi.com/caselaws?id=374810 The Tribunal held that the penalty imposed on the Appellants lacked legal basis as the duty was paid with interest, and no wilful suppression was proven. The penalty was set aside, and the matter was remanded for determining reversible Cenvat credit. The Tribunal also upheld the remand for determining reversible credit under Rule 6(3A) of the Cenvat Credit Rules, 2004, finding it non-prejudicial to either party's interests. Ultimately, the penalty imposition was overturned, but the remand for ascertaining reversible Cenvat credit was upheld, resulting in a partial allowance of the appeal. en-us Tue, 05 Feb 2019 00:00:00 +0530 Mon, 11 Feb 2019 07:44:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374810 The Tribunal held that the penalty imposed on the Appellants lacked legal basis as the duty was paid with interest, and no wilful suppression was proven. The penalty was set aside, and the matter was remanded for determining reversible Cenvat credit. The Tribunal also upheld the remand for determining reversible credit under Rule 6(3A) of the Cenvat Credit Rules, 2004, finding it non-prejudicial to either party's interests. Ultimately, the penalty imposition was overturned, but the remand for ascertaining reversible Cenvat credit was upheld, resulting in a partial allowance of the appeal. Case-Laws Central Excise Tue, 05 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374810