https://www.taxtmi.com/caselaws?id=208715 Penalty equal to duty under Rule 13(2) of the Cenvat Credit Rules, 2002 read with Section 11AC could not be sustained where an earlier accepted finding recorded that the dispute was one of Modvat rule interpretation and that there was no mala fide intention. The Tribunal had imposed equal penalty for the later period without explaining why such punishment was warranted or assessing the nature and extent of the alleged default. The penalty was therefore set aside and the matter remitted for reconsideration of whether any penalty was imposable and, if so, to what extent. en-us Tue, 08 Nov 2011 00:00:00 +0530 Tue, 24 Jan 2012 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208715 Penalty equal to duty under Rule 13(2) of the Cenvat Credit Rules, 2002 read with Section 11AC could not be sustained where an earlier accepted finding recorded that the dispute was one of Modvat rule interpretation and that there was no mala fide intention. The Tribunal had imposed equal penalty for the later period without explaining why such punishment was warranted or assessing the nature and extent of the alleged default. The penalty was therefore set aside and the matter remitted for reconsideration of whether any penalty was imposable and, if so, to what extent. Case-Laws Central Excise Tue, 08 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208715