https://www.taxtmi.com/caselaws?id=207251 The appellant-assessee utilized CENVAT credit accrued in October 2008 for duty on clearances in September 2008, deemed improper. The penalty under Rule 15(2) of the CENVAT Credit Rules, 2004 was not applicable due to lack of evidence of suppression or fraud. A penalty of 10% of the duty amount was imposed, reduced to Rs.7,200/- from Rs.71,965/ after interest payment. The Department's appeal was dismissed, and the appellant-assessee's appeal partly allowed for penalty reduction. en-us Fri, 09 Sep 2011 00:00:00 +0530 Wed, 12 Apr 2017 12:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207251 The appellant-assessee utilized CENVAT credit accrued in October 2008 for duty on clearances in September 2008, deemed improper. The penalty under Rule 15(2) of the CENVAT Credit Rules, 2004 was not applicable due to lack of evidence of suppression or fraud. A penalty of 10% of the duty amount was imposed, reduced to Rs.7,200/- from Rs.71,965/ after interest payment. The Department's appeal was dismissed, and the appellant-assessee's appeal partly allowed for penalty reduction. Case-Laws Central Excise Fri, 09 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207251