https://www.taxtmi.com/caselaws?id=201660 The Tribunal upheld the penalty equal to the duty amount imposed under Section 11AC of the Central Excise Act, dismissing the appeal. The appellant's actions of availing credit before input receipt and utilizing it for duty payment without adequate balance in their Cenvat account constituted deliberate evasion triggering the penalty imposition, in accordance with the Supreme Court's ruling. The Tribunal emphasized that penalties cannot be lower than the confirmed demand amount, highlighting the consequences of intentional evasion of duty payment through misuse of Cenvat credit. en-us Thu, 10 Jun 2010 00:00:00 +0530 Wed, 26 Jan 2011 20:16:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201660 The Tribunal upheld the penalty equal to the duty amount imposed under Section 11AC of the Central Excise Act, dismissing the appeal. The appellant's actions of availing credit before input receipt and utilizing it for duty payment without adequate balance in their Cenvat account constituted deliberate evasion triggering the penalty imposition, in accordance with the Supreme Court's ruling. The Tribunal emphasized that penalties cannot be lower than the confirmed demand amount, highlighting the consequences of intentional evasion of duty payment through misuse of Cenvat credit. Case-Laws Central Excise Thu, 10 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201660