https://www.taxtmi.com/caselaws?id=124606 The Tribunal upheld the availing of Cenvat credit after the prescribed date, imposing a penalty of Rs. 20,000 despite the appellant's reversal of the credit. The appellant's argument regarding goods not used in manufacture was considered, leading to a reduced penalty emphasizing prevention of future breaches. The Stay Petition and Appeal were disposed of together due to a narrow issue, with directions for interest payment and penalty imposition, rendering the Stay Petition infructuous and rejected. en-us Fri, 11 Jul 2008 00:00:00 +0530 Wed, 03 Oct 2012 13:05:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124606 The Tribunal upheld the availing of Cenvat credit after the prescribed date, imposing a penalty of Rs. 20,000 despite the appellant's reversal of the credit. The appellant's argument regarding goods not used in manufacture was considered, leading to a reduced penalty emphasizing prevention of future breaches. The Stay Petition and Appeal were disposed of together due to a narrow issue, with directions for interest payment and penalty imposition, rendering the Stay Petition infructuous and rejected. Case-Laws Central Excise Fri, 11 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124606