https://www.taxtmi.com/caselaws?id=217509 The appellant availed cenvat credit on input services not covered under Rule 6(5) of Cenvat Credit Rules, 2004, leading to interest recovery and penalty imposition proceedings. Despite acknowledging the erroneous credit, the appellant argued it was a genuine mistake without intent to evade duty. The Tribunal, considering the excess credit maintained and absence of intent, waived the penalty under Section 80 of the Finance Act, 1994. The appeal was disposed of accordingly, with the penalty set aside based on the Tribunal's decision. en-us Mon, 14 Nov 2011 00:00:00 +0530 Sat, 13 Oct 2012 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217509 The appellant availed cenvat credit on input services not covered under Rule 6(5) of Cenvat Credit Rules, 2004, leading to interest recovery and penalty imposition proceedings. Despite acknowledging the erroneous credit, the appellant argued it was a genuine mistake without intent to evade duty. The Tribunal, considering the excess credit maintained and absence of intent, waived the penalty under Section 80 of the Finance Act, 1994. The appeal was disposed of accordingly, with the penalty set aside based on the Tribunal's decision. Case-Laws Service Tax Mon, 14 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217509