No Penalty under Excise Act When Duty to Proportionate CENVAT Credit of Exempted Good Paid: CESTAT [Read Order]

The Tribunal held that since the appellant has paid the amount of 60,15,116/- which is proportionate Cenvat credit attributed to the exempted goods belatedly, they are liable to pay the interest till the date of reversal
CESTAT - CESTAT Ahmedabad - CENVAT Credit - Proportionate CENVAT Credit - TAXSCAN

The Ahmedabad bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) has observed that a penalty under the Excise Act is not leviable when duty to proportionate CENVAT credit of exempted goods paid. Further held that since the appellant has paid the amount of 60,15,116/- which is proportionate Cenvat credit attributed…

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