https://www.taxtmi.com/caselaws?id=462115 Penalty under Section 11AC of the Central Excise Act was found inapplicable where the assessee reversed the Cenvat credit relatable to sugar cess before the show cause notice was issued. The Tribunal treated the credit availment as a misinterpretation of the credit position rather than conduct justifying mandatory penalty, and held that the facts did not support invocation of Section 11AC. The Revenue's challenge was therefore rejected, and the penalty was not leviable. en-us Mon, 11 Jun 2007 00:00:00 +0530 Sat, 24 May 2025 13:09:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462115 Penalty under Section 11AC of the Central Excise Act was found inapplicable where the assessee reversed the Cenvat credit relatable to sugar cess before the show cause notice was issued. The Tribunal treated the credit availment as a misinterpretation of the credit position rather than conduct justifying mandatory penalty, and held that the facts did not support invocation of Section 11AC. The Revenue's challenge was therefore rejected, and the penalty was not leviable. Case-Laws Central Excise Mon, 11 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462115