https://www.taxtmi.com/caselaws?id=220094 The Tribunal upheld penalties imposed on appellants for various violations under the Cenvat Credit Rules, including wrong availment of credit on optional accessories, failure to determine correct value of goods cleared to sister unit, undervaluation of final products, and non-payment of duty on inputs cleared to group companies. The Tribunal rejected claims of clerical errors, emphasizing intentional duty evasion justifying penalty imposition under Rule 15 of Cenvat Credit Rules. Despite appellants' arguments for relief based on revenue neutrality and legal precedents, the Tribunal affirmed penalties, stating that intent to evade duty overrides such considerations. en-us Wed, 05 Sep 2012 00:00:00 +0530 Sat, 19 Jan 2013 16:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220094 The Tribunal upheld penalties imposed on appellants for various violations under the Cenvat Credit Rules, including wrong availment of credit on optional accessories, failure to determine correct value of goods cleared to sister unit, undervaluation of final products, and non-payment of duty on inputs cleared to group companies. The Tribunal rejected claims of clerical errors, emphasizing intentional duty evasion justifying penalty imposition under Rule 15 of Cenvat Credit Rules. Despite appellants' arguments for relief based on revenue neutrality and legal precedents, the Tribunal affirmed penalties, stating that intent to evade duty overrides such considerations. Case-Laws Central Excise Wed, 05 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220094