Venus Wire Industries Pvt Ltd vs Commissioner Of Central Excise And ... on 30 March, 2022
We also
find that Tribunal in the case of Encore Healthcare Pvt. Ltd.
(supra) also held that the availment of ineligible credit had
arisen from appellant confusion about the nature and
composition of levy and that there are various decisions in this
regard by Tribunal, there are reasons to believe that the
appellant had active in bona fide belief. Therefore, we set aside
the penalty imposed.