https://www.taxtmi.com/caselaws?id=77866 The judgment dismissed both the assessee's and Revenue's appeals. The penalty imposed under Section 11AC was limited to the amount of duty or Rs. 2000, whichever is greater, as per Rule 15. The denial of Cenvat credit on inputs and capital goods was upheld, with the appellate authority reducing the penalty. The Revenue's appeal for an enhanced penalty was rejected, emphasizing the quasi-judicial authority's discretion in penalty imposition. The cross-objection by the assessee was also disposed of in the judgment. en-us Thu, 05 Nov 2009 00:00:00 +0530 Mon, 18 Oct 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77866 The judgment dismissed both the assessee's and Revenue's appeals. The penalty imposed under Section 11AC was limited to the amount of duty or Rs. 2000, whichever is greater, as per Rule 15. The denial of Cenvat credit on inputs and capital goods was upheld, with the appellate authority reducing the penalty. The Revenue's appeal for an enhanced penalty was rejected, emphasizing the quasi-judicial authority's discretion in penalty imposition. The cross-objection by the assessee was also disposed of in the judgment. Case-Laws Central Excise Thu, 05 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77866