https://www.taxtmi.com/caselaws?id=202152 The Tribunal upheld the demand for duty payment due to the misuse of CENVAT credit by the assessee, in accordance with the Central Excise Rules, 2002. The penalty under Section 11AC was set aside, while the penalty under Rule 25 was reduced to Rs. 5,00,000/- based on legal precedents. The appeal was partly allowed with modifications in the penalties imposed, as per the Tribunal's decision. en-us Thu, 21 Oct 2010 00:00:00 +0530 Tue, 01 Mar 2011 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202152 The Tribunal upheld the demand for duty payment due to the misuse of CENVAT credit by the assessee, in accordance with the Central Excise Rules, 2002. The penalty under Section 11AC was set aside, while the penalty under Rule 25 was reduced to Rs. 5,00,000/- based on legal precedents. The appeal was partly allowed with modifications in the penalties imposed, as per the Tribunal's decision. Case-Laws Central Excise Thu, 21 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202152