https://www.taxtmi.com/caselaws?id=217889 The court allowed the appellant's Stay Petition for waiver of pre-deposit of penalty under Rule 15 of CENVAT Credit Rules, 2004 read with Section 11AC of Central Excise Act, 1944. The appellant had reversed the in-eligible CENVAT Credit amount and paid interest, leading the judge to overturn the penalty imposition due to the appellant's substantial credit balance, making the penalty unwarranted. The appeal was allowed, setting aside the penalty and upholding the appellant's actions in rectifying the in-eligible credit. en-us Fri, 07 Sep 2012 00:00:00 +0530 Mon, 29 Oct 2012 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217889 The court allowed the appellant's Stay Petition for waiver of pre-deposit of penalty under Rule 15 of CENVAT Credit Rules, 2004 read with Section 11AC of Central Excise Act, 1944. The appellant had reversed the in-eligible CENVAT Credit amount and paid interest, leading the judge to overturn the penalty imposition due to the appellant's substantial credit balance, making the penalty unwarranted. The appeal was allowed, setting aside the penalty and upholding the appellant's actions in rectifying the in-eligible credit. Case-Laws Central Excise Fri, 07 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217889