https://www.taxtmi.com/caselaws?id=121579 The Appellate Tribunal CESTAT, Mumbai, ruled in favor of the appellant, allowing the Cenvat credit and Education Cess while overturning the penalty imposed under Rule 15 of Cenvat Credit Rules, 2004, and Section 11AC of the Central Excise Act, 1944. The decision was based on the fulfillment of the requirements of Rule 10 by the appellants in taking over the liabilities of M/s. NOCIL as per the agreement, entitling them to the credit amount in question. en-us Tue, 01 May 2007 00:00:00 +0530 Tue, 31 Jul 2012 17:26:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121579 The Appellate Tribunal CESTAT, Mumbai, ruled in favor of the appellant, allowing the Cenvat credit and Education Cess while overturning the penalty imposed under Rule 15 of Cenvat Credit Rules, 2004, and Section 11AC of the Central Excise Act, 1944. The decision was based on the fulfillment of the requirements of Rule 10 by the appellants in taking over the liabilities of M/s. NOCIL as per the agreement, entitling them to the credit amount in question. Case-Laws Central Excise Tue, 01 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121579