Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2019 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (8) TMI 585 - AT - Central ExciseImposition of penalty - wrong availment of credit, immediately reversed - bonafide belief - HELD THAT:- Since the appellant has reversed the CENVAT credit along with interest and there was no mala fide intention in taking the CENVAT credit, in such circumstances, imposition of penalty is not warranted under Rule 15(2) of the CENVAT Credit Rules, 2004 read with Section 11AC of the Central Excise Act, 1944. Penalty set aside - appeal allowed - decided in favor of appellant.
|