https://www.taxtmi.com/caselaws?id=155408 Penalty for wrongful availment of Cenvat credit was held unsustainable where separate accounts were not maintained, because the order did not record fraud, wilful mis-statement, collusion, suppression of facts, or any intent to evade duty. Although the demand had been confirmed for non-compliance with Rule 6(2) of the Cenvat Credit Rules, 2002, penalty under Rule 13(2) and Section 11AC of the Central Excise Act, 1944 required those statutory ingredients. In the absence of such findings, the penalty was set aside. en-us Wed, 30 Jun 2010 00:00:00 +0530 Wed, 04 Sep 2013 11:59:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155408 Penalty for wrongful availment of Cenvat credit was held unsustainable where separate accounts were not maintained, because the order did not record fraud, wilful mis-statement, collusion, suppression of facts, or any intent to evade duty. Although the demand had been confirmed for non-compliance with Rule 6(2) of the Cenvat Credit Rules, 2002, penalty under Rule 13(2) and Section 11AC of the Central Excise Act, 1944 required those statutory ingredients. In the absence of such findings, the penalty was set aside. Case-Laws Central Excise Wed, 30 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155408