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<h1>Revenue's Appeal Dismissed: Cenvat Credit & Penalty Rejection Upheld</h1> The Revenue's appeal against the Order-in-Appeal disallowing Cenvat credit and imposing a penalty on M/s. Indian Casting Co. was rejected by the Appellate ... Cenvat/Modvat - Inputs - Utilisation of credit - Notification No. 10/2002-C.E. The Revenue's appeal against the Order-in-Appeal disallowing Cenvat credit and imposing a penalty on M/s. Indian Casting Co. was rejected by the Appellate Tribunal CESTAT, New Delhi. The Tribunal found no merit in the appeal as the respondent did not violate the terms of either the Cenvat credit scheme or the clearance scheme under Notification No. 10/2002.
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