2015 (12) TMI 1256

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.... The appellants are engaged in the manufacture of dutiable final products as also exempted final products. At the time of clearance of exempted final products, they were reversing the proportionate CENVAT credit availed on common inputs and common input services. However, said reversal was not undertaken by them in respect of gas, iron and inward transportation. 2. Based upon the same, proceeding....

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....d to them inasmuch as there was no malafide on their part. 4. After hearing learned DR, I find that Commissioner (A) has dropped the penalty by observing as under: "I find that the appellant company is a public sector unit which has cleared the goods to Defence. There is no reason to doubt the bonafides of the appellant to evade duty. Considering the facts & circumstances of the case and the fa....