https://www.taxtmi.com/caselaws?id=206791 The appeals by the Revenue were dismissed as the show-cause notice did not support the penalization of the assessee under sub-rule (2) of Rule 15 of the CENVAT Credit Rules, 2004. The judgment emphasized the need for proper grounds and allegations related to fraud, collusion, willful misstatement, suppression of facts, or contravention of provisions to impose penalties. The assessee's liability to pay interest on wrongly taken CENVAT credit was acknowledged, with the counsel expressing willingness to pay interest from the date of wrong availment to the date of reversal. en-us Fri, 30 Sep 2011 00:00:00 +0530 Wed, 16 Nov 2011 14:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206791 The appeals by the Revenue were dismissed as the show-cause notice did not support the penalization of the assessee under sub-rule (2) of Rule 15 of the CENVAT Credit Rules, 2004. The judgment emphasized the need for proper grounds and allegations related to fraud, collusion, willful misstatement, suppression of facts, or contravention of provisions to impose penalties. The assessee's liability to pay interest on wrongly taken CENVAT credit was acknowledged, with the counsel expressing willingness to pay interest from the date of wrong availment to the date of reversal. Case-Laws Central Excise Fri, 30 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206791