https://www.taxtmi.com/caselaws?id=240002 The tribunal found that the applicant irregularly availed cenvat credit but had already reversed the credit and paid the amount in cash with interest. While agreeing with the imposition of penalty for irregular credit utilization, the tribunal directed the applicant to deposit a penalty sum of Rs.1,00,000 within six weeks. Compliance reporting was required by a specified date, with the pre-deposit of the balance amount of duty and penalty being waived during the appeal's pendency. en-us Mon, 17 Jun 2013 00:00:00 +0530 Sun, 24 Nov 2013 23:25:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240002 The tribunal found that the applicant irregularly availed cenvat credit but had already reversed the credit and paid the amount in cash with interest. While agreeing with the imposition of penalty for irregular credit utilization, the tribunal directed the applicant to deposit a penalty sum of Rs.1,00,000 within six weeks. Compliance reporting was required by a specified date, with the pre-deposit of the balance amount of duty and penalty being waived during the appeal's pendency. Case-Laws Central Excise Mon, 17 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240002