https://www.taxtmi.com/highlights?id=46932 Imposition of penalty - input credit of 5% retention amount - appellant had sufficient balance in cenvat account therefore it cannot be said that they had utilised the same - there was no malafide intention on its part and it was only a bonafide error, which was rectified immediately on pointing out by the audit party - no penalty is imposable on the Appellant en-us Mon, 03 Jun 2019 09:39:12 +0530 Mon, 03 Jun 2019 09:39:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=46932 Imposition of penalty - input credit of 5% retention amount - appellant had sufficient balance in cenvat account therefore it cannot be said that they had utilised the same - there was no malafide intention on its part and it was only a bonafide error, which was rectified immediately on pointing out by the audit party - no penalty is imposable on the Appellant Highlights Service Tax Mon, 03 Jun 2019 09:39:12 +0530 https://www.taxtmi.com/highlights?id=46932