https://www.taxtmi.com/caselaws?id=436842 The Tribunal set aside the penalty imposed under Section 11AC of the Central Excise Act, 1944 on the appellant, a manufacturer of PPE medicaments, for excess reversal of Cenvat Credit. The Tribunal found no intent to evade duty and noted correct credit reversal before the show cause notice. It held that there was no fraud or wilful misstatement to warrant the penalty, ultimately ruling in favor of the appellant and partially allowing the appeal. en-us Tue, 14 Mar 2023 00:00:00 +0530 Sat, 22 Apr 2023 08:01:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436842 The Tribunal set aside the penalty imposed under Section 11AC of the Central Excise Act, 1944 on the appellant, a manufacturer of PPE medicaments, for excess reversal of Cenvat Credit. The Tribunal found no intent to evade duty and noted correct credit reversal before the show cause notice. It held that there was no fraud or wilful misstatement to warrant the penalty, ultimately ruling in favor of the appellant and partially allowing the appeal. Case-Laws Central Excise Tue, 14 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436842