2001 (8) TMI 830 - AT - Customs

Summary

The case involved imposition of penalty under Rule 173Q of the Central Excise Rules for wrongly availing excess credit, which was reversed before the show cause notice was issued. The Commissioner reduced the penalty amount to Rs. 20,000 from Rs. 25,000. The Tribunal ruled in favor of the appellant, citing previous cases where penalty was not imposed if corrective steps were taken before the show cause notice. The appeal was allowed with consequential relief.