https://www.taxtmi.com/caselaws?id=442441 The tribunal set aside penalties imposed on M/s. Nexteer Automotive India Pvt. Ltd. despite irregular CENVAT credit, as the credit was voluntarily reversed before show-cause notices. Relying on precedents, the tribunal found no evidence of suppression or misstatement, emphasizing that penalties are unjustified without such proof. Referring to Section 11A(2B) and case law, the tribunal concluded that no penalty should apply if duty is paid voluntarily without intent to evade. Consequently, the tribunal found no merit in the impugned order, allowing the appeal and setting it aside. en-us Thu, 31 Aug 2023 00:00:00 +0530 Sat, 02 Sep 2023 07:48:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442441 The tribunal set aside penalties imposed on M/s. Nexteer Automotive India Pvt. Ltd. despite irregular CENVAT credit, as the credit was voluntarily reversed before show-cause notices. Relying on precedents, the tribunal found no evidence of suppression or misstatement, emphasizing that penalties are unjustified without such proof. Referring to Section 11A(2B) and case law, the tribunal concluded that no penalty should apply if duty is paid voluntarily without intent to evade. Consequently, the tribunal found no merit in the impugned order, allowing the appeal and setting it aside. Case-Laws Central Excise Thu, 31 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442441