https://www.taxtmi.com/caselaws?id=220809 The appellant admitted to utilizing Cenvat credit without maintaining a sufficient balance, leading to a confirmed tax demand and imposition of interest. Despite the appellant's conduct being deemed unfair, the penalty was reduced to 25% of the tax element. The appellant was directed to pay the reduced penalty within 30 days, with a warning of full penalty payment if not done. The appeal was disposed of, with the stay application dismissed. en-us Fri, 13 Jul 2012 00:00:00 +0530 Sun, 10 Feb 2013 06:57:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220809 The appellant admitted to utilizing Cenvat credit without maintaining a sufficient balance, leading to a confirmed tax demand and imposition of interest. Despite the appellant's conduct being deemed unfair, the penalty was reduced to 25% of the tax element. The appellant was directed to pay the reduced penalty within 30 days, with a warning of full penalty payment if not done. The appeal was disposed of, with the stay application dismissed. Case-Laws Service Tax Fri, 13 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220809