Imposition of penalty - input credit of 5% retention amount - appellant had sufficient balance in cenvat...

Imposition of penalty - input credit of 5% retention amount - appellant had sufficient balance in cenvat account therefore it cannot be said that they had utilised the same - there was no malafide intention on its part and it was only a bonafide error, which was rectified immediately on pointing out by the audit party - no penalty is imposable on the Appellant .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X