https://www.taxtmi.com/caselaws?id=239840 The Tribunal set aside the penalty of Rs.3,06,277 imposed under Rule 15 (2) of the Cenvat Credit Rules, 2004, as it was deemed unjustified due to improper notice and lack of disclosure of relevant acts or omissions. The appellant rectified the error promptly upon discovery, reversing the availed cenvat credit with interest. The Tribunal emphasized the importance of proper notice before imposing penalties, referencing a Supreme Court decision. Consequently, the penalty imposition was modified, and the appeal was disposed of in favor of the appellant. en-us Fri, 20 Sep 2013 00:00:00 +0530 Tue, 02 Jun 2015 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239840 The Tribunal set aside the penalty of Rs.3,06,277 imposed under Rule 15 (2) of the Cenvat Credit Rules, 2004, as it was deemed unjustified due to improper notice and lack of disclosure of relevant acts or omissions. The appellant rectified the error promptly upon discovery, reversing the availed cenvat credit with interest. The Tribunal emphasized the importance of proper notice before imposing penalties, referencing a Supreme Court decision. Consequently, the penalty imposition was modified, and the appeal was disposed of in favor of the appellant. Case-Laws Central Excise Fri, 20 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239840