https://www.taxtmi.com/caselaws?id=235372 The appellant's challenge in the case was primarily regarding the imposition of penalties under Rule 15(1) for wrongly availing Cenvat credit. The appellant acknowledged and corrected a calculation error that led to a duty demand. The penalty was initially set at Rs. 1,25,000 but was reduced to Rs. 25,000 considering the lack of malafide intent, immediate correction of the error, and self-reporting to the Adjudicating Authority. Despite the penalty reduction, the appeal was ultimately rejected. en-us Fri, 05 Jul 2013 00:00:00 +0530 Mon, 22 Jul 2013 08:43:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235372 The appellant's challenge in the case was primarily regarding the imposition of penalties under Rule 15(1) for wrongly availing Cenvat credit. The appellant acknowledged and corrected a calculation error that led to a duty demand. The penalty was initially set at Rs. 1,25,000 but was reduced to Rs. 25,000 considering the lack of malafide intent, immediate correction of the error, and self-reporting to the Adjudicating Authority. Despite the penalty reduction, the appeal was ultimately rejected. Case-Laws Central Excise Fri, 05 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235372