Penalty Not Applicable for Good Faith Non-Reversal of Credit on Capital Goods Removal u/s 11AC and Rule 15.

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....The appellant under the bonafide impression did not reverse the credit after due intimation of removal of the capital goods to the Dept. In these circumstances, penalty u/s 11AC of CEA,1944 read with Rule 15 of CCR,2004 is not attracted - AT....