https://www.taxtmi.com/caselaws?id=237217 The tribunal upheld the demand for wrongly availed Cenvat credit with interest and confirmed penalties imposed against M/s. Citizen Extrusion Pvt. Ltd. (CEPL) and its director. The appeal for reduced penalty under Section 11AC of Central Excise was denied as the initial option provided by the original adjudicating authority was not utilized. The penalty on the director of CEPL was reduced from Rs. 1,00,000/- to Rs. 75,000/- due to involvement in fraudulent activities. All appeals were disposed of accordingly. en-us Fri, 19 Oct 2012 00:00:00 +0530 Sat, 21 Sep 2013 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237217 The tribunal upheld the demand for wrongly availed Cenvat credit with interest and confirmed penalties imposed against M/s. Citizen Extrusion Pvt. Ltd. (CEPL) and its director. The appeal for reduced penalty under Section 11AC of Central Excise was denied as the initial option provided by the original adjudicating authority was not utilized. The penalty on the director of CEPL was reduced from Rs. 1,00,000/- to Rs. 75,000/- due to involvement in fraudulent activities. All appeals were disposed of accordingly. Case-Laws Central Excise Fri, 19 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237217