https://www.taxtmi.com/caselaws?id=233986 The appeal against the imposition of a penalty under Rule 15(2) of the Cenvat Credit Rules, 2004, read with Section 11AC of the Central Excise Act, 1944 was allowed by the Appellate Tribunal CESTAT AHMEDABAD. The Tribunal found that there was no willful suppression of facts with an intention to evade duty by the appellant, who had promptly paid the entire duty amount along with interest upon notification by the department. Consequently, the penalty under Rule 15(2) was deemed inapplicable, and the Order in Appeal was modified to impose only a penalty. The judgment emphasizes the necessity of establishing willful suppression of facts to justify penalty imposition and underscores the importance of transparent and reasoned decision-making in excise matters. en-us Wed, 20 Feb 2013 00:00:00 +0530 Fri, 24 May 2013 08:45:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233986 The appeal against the imposition of a penalty under Rule 15(2) of the Cenvat Credit Rules, 2004, read with Section 11AC of the Central Excise Act, 1944 was allowed by the Appellate Tribunal CESTAT AHMEDABAD. The Tribunal found that there was no willful suppression of facts with an intention to evade duty by the appellant, who had promptly paid the entire duty amount along with interest upon notification by the department. Consequently, the penalty under Rule 15(2) was deemed inapplicable, and the Order in Appeal was modified to impose only a penalty. The judgment emphasizes the necessity of establishing willful suppression of facts to justify penalty imposition and underscores the importance of transparent and reasoned decision-making in excise matters. Case-Laws Central Excise Wed, 20 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233986