2023 (6) TMI 1310 - AT - Central Excise

Levy of penalty on appellant - CENVAT Credit, interest and penalty against the main party having been dropped - HELD THAT - In view of penalty proceeding as well as reversal of CENVAT Credit having been dropped against the main party. The present penalty against this appellant does not survive. The impugned order is therefore not sustainable to that extent. Appeal allowed.

Summary

The Appellate Tribunal CESTAT Ahmedabad allowed the appeal, stating that since penalty proceedings and reversal of CENVAT Credit against the main party were dropped, the penalty on the present appellant should also be dropped. The impugned order was deemed unsustainable, and the appeal was allowed with consequential relief.