https://www.taxtmi.com/caselaws?id=214782 The Tribunal upheld the penalty imposition on the appellant for availing CENVAT credit on lead acid battery and UPS system without informing the Department. The appellant's argument of reversing the credit before the show cause notice was issued was dismissed. The Tribunal emphasized the lack of discretion to vary penalties once the demand is confirmed and cited relevant case law on suppression of facts. The appellant was granted the option to pay a reduced penalty within 30 days to avoid liability for the full amount, as per a High Court decision. en-us Fri, 15 Jun 2012 00:00:00 +0530 Fri, 13 Jul 2012 14:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214782 The Tribunal upheld the penalty imposition on the appellant for availing CENVAT credit on lead acid battery and UPS system without informing the Department. The appellant's argument of reversing the credit before the show cause notice was issued was dismissed. The Tribunal emphasized the lack of discretion to vary penalties once the demand is confirmed and cited relevant case law on suppression of facts. The appellant was granted the option to pay a reduced penalty within 30 days to avoid liability for the full amount, as per a High Court decision. Case-Laws Central Excise Fri, 15 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214782