https://www.taxtmi.com/caselaws?id=77369 The Tribunal allowed the appeal filed by M/s. Sudhakar Polymers Ltd., challenging the demand for repayment of wrongly availed cenvat credit, interest, and penalties. The penalties imposed under Rule 15(4) of Cenvat Credit Rules and Sections 76 & 77 of the Finance Act, 1994, were deemed unjustified as there was no evidence of fraud, collusion, willful mis-statement, or intent to evade tax payment. The Tribunal found that the penalties were incorrectly imposed and vacated them, ultimately setting aside the impugned order and ruling in favor of the appellant. en-us Fri, 05 Feb 2010 00:00:00 +0530 Mon, 06 Oct 2014 18:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77369 The Tribunal allowed the appeal filed by M/s. Sudhakar Polymers Ltd., challenging the demand for repayment of wrongly availed cenvat credit, interest, and penalties. The penalties imposed under Rule 15(4) of Cenvat Credit Rules and Sections 76 & 77 of the Finance Act, 1994, were deemed unjustified as there was no evidence of fraud, collusion, willful mis-statement, or intent to evade tax payment. The Tribunal found that the penalties were incorrectly imposed and vacated them, ultimately setting aside the impugned order and ruling in favor of the appellant. Case-Laws Service Tax Fri, 05 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77369