https://www.taxtmi.com/caselaws?id=406567 The Tribunal set aside the penalty imposed on the appellant, a Kerala Government Undertaking, for availing ineligible cenvat credit on imported inputs. The Tribunal found that the appellant promptly reversed the credit with interest upon discovery, demonstrating no intent to evade duty payment. Relying on legal precedents, the Tribunal concluded that imposing a penalty was unwarranted when duty is paid along with interest before a show-cause notice. The penalty was revoked, and the appellant's appeal was allowed. en-us Mon, 12 Apr 2021 00:00:00 +0530 Fri, 16 Apr 2021 16:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406567 The Tribunal set aside the penalty imposed on the appellant, a Kerala Government Undertaking, for availing ineligible cenvat credit on imported inputs. The Tribunal found that the appellant promptly reversed the credit with interest upon discovery, demonstrating no intent to evade duty payment. Relying on legal precedents, the Tribunal concluded that imposing a penalty was unwarranted when duty is paid along with interest before a show-cause notice. The penalty was revoked, and the appellant's appeal was allowed. Case-Laws Central Excise Mon, 12 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406567