https://www.taxtmi.com/caselaws?id=78345 The Tribunal vacated the penalty imposed on the appellant under rule 15(4) of Cenvat Credit Rules, as there was no evidence of fraud, collusion, or wilful misstatement. Additionally, the penalty under sections 76 and 77 of the Finance Act was deemed inapplicable since there was no default in payment of service tax. As a result, the impugned order demanding wrongly availed Cenvat credit and penalties was set aside, and the appeal was allowed in favor of the appellant. en-us Fri, 05 Feb 2010 00:00:00 +0530 Thu, 03 Feb 2011 18:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78345 The Tribunal vacated the penalty imposed on the appellant under rule 15(4) of Cenvat Credit Rules, as there was no evidence of fraud, collusion, or wilful misstatement. Additionally, the penalty under sections 76 and 77 of the Finance Act was deemed inapplicable since there was no default in payment of service tax. As a result, the impugned order demanding wrongly availed Cenvat credit and penalties was set aside, and the appeal was allowed in favor of the appellant. Case-Laws Service Tax Fri, 05 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78345