https://www.taxtmi.com/caselaws?id=152619 The Tribunal ruled in favor of the respondents, holding that the penalty under Section 11AC was not applicable. The penalty was deemed to be rightly considered under Rule 15(1) of Cenvat Credit Rules, 2004. The appeal by the Revenue seeking a penalty equal to the denied rebate amount under Rule 15(2) of Cenvat Credit Rules, 2004, read with Section 11AC of the Central Excise Act, 1944, was rejected for lacking merit. en-us Wed, 23 Dec 2009 00:00:00 +0530 Mon, 08 Jul 2013 11:36:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152619 The Tribunal ruled in favor of the respondents, holding that the penalty under Section 11AC was not applicable. The penalty was deemed to be rightly considered under Rule 15(1) of Cenvat Credit Rules, 2004. The appeal by the Revenue seeking a penalty equal to the denied rebate amount under Rule 15(2) of Cenvat Credit Rules, 2004, read with Section 11AC of the Central Excise Act, 1944, was rejected for lacking merit. Case-Laws Central Excise Wed, 23 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152619