2012 (7) TMI 2

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..... appellant has shown their bonafide on admitting the error. In view of this the imposition of penalty on the appellant is liable to be set aside - in favour of assessee. - E/683/2011 - A/544/2012-WZB/AHD - Dated:- 12-4-2012 - Mr.M.V. Ravindran, Mr. B.S.V. Murthy, JJ. Shri S.R. Dixit, Adv.: for Assessee. Shri J.S. Negi, A.R.: for the Revenue. Per: M.V. Ravindran: This Stay .....

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..... ecords of the assessee were scrutinized, Audit party pointed out the error of availment of excess CENVAT Credit. The assessee reversed the inadmissible CENVAT Credit on 5.3.07, but did not pay the interest. Subsequently, the interest was also paid by the assessee. The stand of the assessee before the lower authorities that it was inadvertent mistake and there was no malafide in availing the inelig .....

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