https://www.taxtmi.com/caselaws?id=126710 The Tribunal ruled in favor of the Appellants, finding the imposition of penalty under Section 11AC of the Central Excise Act, 1944 instead of Rule 15 of the CENVAT Credit Rules, 2004 to be incorrect. The penalty enhancement by the lower Appellate Authority was deemed unjustified due to the voluntary disclosure of the error, payment of interest, and lack of Departmental intervention. The Tribunal also held that the Appellants were entitled to file a Cross Objection against the penalty imposition, setting aside the lower Appellate Authority's order and restoring the Original Authority's decision. en-us Fri, 19 Jun 2009 00:00:00 +0530 Tue, 04 Dec 2012 18:04:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126710 The Tribunal ruled in favor of the Appellants, finding the imposition of penalty under Section 11AC of the Central Excise Act, 1944 instead of Rule 15 of the CENVAT Credit Rules, 2004 to be incorrect. The penalty enhancement by the lower Appellate Authority was deemed unjustified due to the voluntary disclosure of the error, payment of interest, and lack of Departmental intervention. The Tribunal also held that the Appellants were entitled to file a Cross Objection against the penalty imposition, setting aside the lower Appellate Authority's order and restoring the Original Authority's decision. Case-Laws Central Excise Fri, 19 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126710