https://www.taxtmi.com/caselaws?id=124878 Penalty under Section 11AC of the Central Excise Act, 1944 was not attracted because the Revenue did not establish connivance, suppression of facts, fraud, or wilful misstatement in relation to bogus invoices. The record showed only that the assessee failed to take the reasonable steps required under the Cenvat Credit Rules, 2002 to verify payment of duty on inputs. On that basis, the contravention was treated as a breach of the credit rules, and penalty under Rule 13(1) of the Cenvat Credit Rules, 2002 was sustained. en-us Tue, 13 Jan 2009 00:00:00 +0530 Tue, 16 Oct 2012 17:02:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124878 Penalty under Section 11AC of the Central Excise Act, 1944 was not attracted because the Revenue did not establish connivance, suppression of facts, fraud, or wilful misstatement in relation to bogus invoices. The record showed only that the assessee failed to take the reasonable steps required under the Cenvat Credit Rules, 2002 to verify payment of duty on inputs. On that basis, the contravention was treated as a breach of the credit rules, and penalty under Rule 13(1) of the Cenvat Credit Rules, 2002 was sustained. Case-Laws Central Excise Tue, 13 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124878