https://www.taxtmi.com/caselaws?id=218017 The Tribunal set aside the penalty imposed on the appellant in a dispute over CENVAT Credit on Low Sulphur Heavy Stock (LSHS) used for electricity generation and diversion, citing favorable rulings by the Tribunal and High Court in similar cases. While affirming the demand for CENVAT Credit and interest, the Tribunal emphasized the matter's nature as one of statutory interpretation and factual analysis, leading to a lenient approach in penalty imposition. en-us Mon, 22 Oct 2012 00:00:00 +0530 Tue, 30 Oct 2012 13:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218017 The Tribunal set aside the penalty imposed on the appellant in a dispute over CENVAT Credit on Low Sulphur Heavy Stock (LSHS) used for electricity generation and diversion, citing favorable rulings by the Tribunal and High Court in similar cases. While affirming the demand for CENVAT Credit and interest, the Tribunal emphasized the matter's nature as one of statutory interpretation and factual analysis, leading to a lenient approach in penalty imposition. Case-Laws Central Excise Mon, 22 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218017