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Central Excise - Highlights / Catch Notes

Home Highlights February 2017 Year 2017 This

The appellant under the bonafide impression did not reverse the ...


Penalty Not Applicable for Good Faith Non-Reversal of Credit on Capital Goods Removal u/s 11AC and Rule 15.

February 28, 2017

Case Laws     Central Excise     AT

The appellant under the bonafide impression did not reverse the credit after due intimation of removal of the capital goods to the Dept. In these circumstances, penalty u/s 11AC of CEA,1944 read with Rule 15 of CCR,2004 is not attracted - AT

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