https://www.taxtmi.com/caselaws?id=383206 The Tribunal found that the appellants were liable to reverse a specific amount of cenvat credit, except for a sum of Rs. 1,77,784, which they were required to reverse along with interest. The discrepancy in the amount of credit reversal between the appellants and the Department did not result in a penalty as the appellants had already reversed a substantial amount. The Tribunal ruled that no penalty was applicable as the appellants had reversed a significant portion of the credit before the show cause notice. The matter was remanded for further verification. en-us Fri, 07 Jun 2019 00:00:00 +0530 Fri, 19 Jul 2019 07:56:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383206 The Tribunal found that the appellants were liable to reverse a specific amount of cenvat credit, except for a sum of Rs. 1,77,784, which they were required to reverse along with interest. The discrepancy in the amount of credit reversal between the appellants and the Department did not result in a penalty as the appellants had already reversed a substantial amount. The Tribunal ruled that no penalty was applicable as the appellants had reversed a significant portion of the credit before the show cause notice. The matter was remanded for further verification. Case-Laws Central Excise Fri, 07 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383206