https://www.taxtmi.com/caselaws?id=78821 The Tribunal, in Final Order No. 711/2010, dated 12-4-2010, allowed the appeal seeking to vacate a penalty of Rs. 1,04,590 imposed under sections 76 and 78 of the Finance Act, 1994. The penalties related to irregularly availed Cenvat credit of excise duty on inputs used in the erection of a storage tank were set aside, emphasizing the importance of adhering to Cenvat credit rules and regulations. The appeal was deemed infructuous and rejected, highlighting the significance of Tribunal decisions in resolving tax penalty disputes. en-us Fri, 21 May 2010 00:00:00 +0530 Mon, 20 Dec 2010 18:57:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78821 The Tribunal, in Final Order No. 711/2010, dated 12-4-2010, allowed the appeal seeking to vacate a penalty of Rs. 1,04,590 imposed under sections 76 and 78 of the Finance Act, 1994. The penalties related to irregularly availed Cenvat credit of excise duty on inputs used in the erection of a storage tank were set aside, emphasizing the importance of adhering to Cenvat credit rules and regulations. The appeal was deemed infructuous and rejected, highlighting the significance of Tribunal decisions in resolving tax penalty disputes. Case-Laws Service Tax Fri, 21 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78821