2010 (2) TMI 438

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..... Case relates to reversal of amount under Rule 6(3)(b) of the cenvat Credit Rule 2004 thus section 11AC is not applicable. - 40 of 2007 - - - Dated:- 9-2-2010 - Ashutosh Mohunta and Mehinder Singh Sullar, JJ. Shri Sanjeev Kaushik, Sr. Standing Counsel, for the Appellant. Shri Sudeep Singh, Advocate, for the Respondent. [Order per : Ashutosh Mohunta, J. (Oral)]. - The Revenue has .....

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..... eversed the excess credit availed by it. 3. The short question is whether the respondent is liable to pay penalty and interest on the excess amount claimed by it? The Commissioner (Appeals) as well as the Tribunal have held that provisions of Section 11AC of the Central Excise Act are inapplicable as they relate only to short payment of duty, whereas the present case relates to reversal of the e .....

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