https://www.taxtmi.com/caselaws?id=51980 Wrong availment of input credit under Rule 57CC was treated as curable by reversal of the credit, and where the assessee had already reversed the disputed credit or paid duty on intermediate goods, the demand could be confined to the limited surviving contravention. On that basis, the larger portion of the demand was not sustained, and the consequential penalties were recalibrated. The penalty on the assessee was reduced, while the penalties on employees were set aside as disproportionate in the circumstances. en-us Fri, 04 Jul 2003 00:00:00 +0530 Wed, 29 Sep 2010 15:38:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51980 Wrong availment of input credit under Rule 57CC was treated as curable by reversal of the credit, and where the assessee had already reversed the disputed credit or paid duty on intermediate goods, the demand could be confined to the limited surviving contravention. On that basis, the larger portion of the demand was not sustained, and the consequential penalties were recalibrated. The penalty on the assessee was reduced, while the penalties on employees were set aside as disproportionate in the circumstances. Case-Laws Central Excise Fri, 04 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51980