https://www.taxtmi.com/caselaws?id=211479 The Tribunal, after a referral to a Larger Bench, concluded that the penalty imposed under Rule 15 of the Cenvat Credit Rules, 2004 for wrongful availing of Cenvat Credit/duty was not justified due to conflicting decisions within the Tribunal. The judgment emphasized that penalties should align with Section 11-AC of the Central Excise Act and be imposed only in cases involving fraud or contravention with intent to evade duty payment. The ruling underscored the importance of maintaining fairness and justice in excise matters by adhering to legal provisions when imposing penalties. en-us Mon, 01 Aug 2011 00:00:00 +0530 Tue, 10 Apr 2012 11:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211479 The Tribunal, after a referral to a Larger Bench, concluded that the penalty imposed under Rule 15 of the Cenvat Credit Rules, 2004 for wrongful availing of Cenvat Credit/duty was not justified due to conflicting decisions within the Tribunal. The judgment emphasized that penalties should align with Section 11-AC of the Central Excise Act and be imposed only in cases involving fraud or contravention with intent to evade duty payment. The ruling underscored the importance of maintaining fairness and justice in excise matters by adhering to legal provisions when imposing penalties. Case-Laws Central Excise Mon, 01 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211479