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2012 (12) TMI 930 - AT - Central ExciseAvailment of CENVAT Credit - Non production of proper documents - Held that:- I am not in agreement with the contention of the appellant that the extended period of time should not be invoked in this case because they are required to exercise due care while taking the credit. As a prudent and experienced central excise assessee the appellant would have noticed the defects but still they chose to take credit without disclosing the defects to the department. I give the appellant an option to pay 25% of the penalty within 30 days of receipt of this order for final closure of the matter. If such payment is not made, the full amount of penalty will be payable after 30 days of the receipt of the order - Decided partly in favour of assessee.
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