https://www.taxtmi.com/caselaws?id=782466 CESTAT Chennai held that the assessee's eligibility to value-based SSI exemption and the quantification of duty were not in dispute, as lower authorities had already granted CENVAT credit and cum-duty benefits. The sole issue concerned the propriety of penalty after the assessee surrendered its registration, claimed to be a bona fide mistake accepted by the Department. Considering these circumstances, the Tribunal found the original penalty excessive and reduced it to Rs. 30,000, thereby allowing the appeal in part. en-us Fri, 28 Nov 2025 00:00:00 +0530 Mon, 01 Dec 2025 08:50:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782466 CESTAT Chennai held that the assessee's eligibility to value-based SSI exemption and the quantification of duty were not in dispute, as lower authorities had already granted CENVAT credit and cum-duty benefits. The sole issue concerned the propriety of penalty after the assessee surrendered its registration, claimed to be a bona fide mistake accepted by the Department. Considering these circumstances, the Tribunal found the original penalty excessive and reduced it to Rs. 30,000, thereby allowing the appeal in part. Case-Laws Central Excise Fri, 28 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782466