https://www.taxtmi.com/caselaws?id=220220 Outcome: The Tribunal set aside the penalties totaling Rs. 8,54,172/- and Rs. 40,687/- imposed on the appellant under Rule 15(2) of Cenvat Credit Rules, 2004 read with Section 11AC of the Central Excise Act, 1944. The decision emphasized the legality of availing and utilizing Cenvat credit for inputs, noting compliance with the Cenvat Credit Rules, lack of mala fide intent, and adherence to legal provisions in clearing inputs. Additionally, the appellant's entitlement to Service tax credit for transportation was deemed legitimate without penalty. en-us Tue, 26 Jun 2012 00:00:00 +0530 Wed, 16 Jan 2013 06:39:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220220 Outcome: The Tribunal set aside the penalties totaling Rs. 8,54,172/- and Rs. 40,687/- imposed on the appellant under Rule 15(2) of Cenvat Credit Rules, 2004 read with Section 11AC of the Central Excise Act, 1944. The decision emphasized the legality of availing and utilizing Cenvat credit for inputs, noting compliance with the Cenvat Credit Rules, lack of mala fide intent, and adherence to legal provisions in clearing inputs. Additionally, the appellant's entitlement to Service tax credit for transportation was deemed legitimate without penalty. Case-Laws Central Excise Tue, 26 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220220