https://www.taxtmi.com/caselaws?id=123070 The appeal against the penalty imposed under Section 11AC of the Central Excise Act, 1944, for alleged wrong availment of Cenvat credit on capital goods was rejected. The Revenue argued for penalty imposition due to the respondent's excessive credit availing, but the Commissioner (Appeals) found the allegations insufficient to warrant penalty under Section 11AC. The appeal was dismissed as the respondent's actions did not meet the criteria for penalty imposition. en-us Tue, 16 Oct 2007 00:00:00 +0530 Thu, 06 Sep 2012 10:59:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123070 The appeal against the penalty imposed under Section 11AC of the Central Excise Act, 1944, for alleged wrong availment of Cenvat credit on capital goods was rejected. The Revenue argued for penalty imposition due to the respondent's excessive credit availing, but the Commissioner (Appeals) found the allegations insufficient to warrant penalty under Section 11AC. The appeal was dismissed as the respondent's actions did not meet the criteria for penalty imposition. Case-Laws Central Excise Tue, 16 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123070