https://www.taxtmi.com/caselaws?id=210258 The Supreme Court remitted the case back to the Tribunal for fresh consideration, clarifying that penalty under Section 11AC is applicable in cases of deliberate deception by the assessee to evade duty. The Tribunal upheld the imposition of a 100% penalty on the appellants for non-compliance with the Cenvat Credit Rules, emphasizing their intentional avoidance of maintaining separate records for dutiable and non-dutiable final products. The decision aligned with the law laid down by the Apex Court, emphasizing the intentional nature of the act for penalty applicability. en-us Wed, 08 Jun 2011 00:00:00 +0530 Fri, 18 May 2012 16:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210258 The Supreme Court remitted the case back to the Tribunal for fresh consideration, clarifying that penalty under Section 11AC is applicable in cases of deliberate deception by the assessee to evade duty. The Tribunal upheld the imposition of a 100% penalty on the appellants for non-compliance with the Cenvat Credit Rules, emphasizing their intentional avoidance of maintaining separate records for dutiable and non-dutiable final products. The decision aligned with the law laid down by the Apex Court, emphasizing the intentional nature of the act for penalty applicability. Case-Laws Central Excise Wed, 08 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210258