https://www.taxtmi.com/caselaws?id=375054 The Tribunal allowed the appeal, setting aside the order confirming demands and penalties against the appellant for irregularly availed CENVAT credit. The Tribunal found the appellant's mistake in availing credit under the wrong rule to be genuine and promptly rectified, with no intention to evade payment. As the appellant corrected the error in good faith and there were no revenue implications or intentional wrongdoing, the Tribunal ruled in favor of the appellant, emphasizing no penalties, demand, or interest were warranted. en-us Wed, 23 Jan 2019 00:00:00 +0530 Thu, 14 Feb 2019 06:18:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375054 The Tribunal allowed the appeal, setting aside the order confirming demands and penalties against the appellant for irregularly availed CENVAT credit. The Tribunal found the appellant's mistake in availing credit under the wrong rule to be genuine and promptly rectified, with no intention to evade payment. As the appellant corrected the error in good faith and there were no revenue implications or intentional wrongdoing, the Tribunal ruled in favor of the appellant, emphasizing no penalties, demand, or interest were warranted. Case-Laws Service Tax Wed, 23 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375054