https://www.taxtmi.com/caselaws?id=242102 The court granted the waiver of pre-deposit of penalty amounting to Rs.3,08,823 imposed on the applicant under Rule 15(2) of CENVAT Credit Rules, 2004 read with Section 11 AC of the Central Excise Act, 1944. The judge considered the deposit of duty and interest sufficient for waiving the penalty, as the irregularity was promptly rectified upon detection by the audit party. The recovery of the penalty was stayed during the appeal process. en-us Tue, 16 Apr 2013 00:00:00 +0530 Wed, 08 Jan 2014 08:18:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242102 The court granted the waiver of pre-deposit of penalty amounting to Rs.3,08,823 imposed on the applicant under Rule 15(2) of CENVAT Credit Rules, 2004 read with Section 11 AC of the Central Excise Act, 1944. The judge considered the deposit of duty and interest sufficient for waiving the penalty, as the irregularity was promptly rectified upon detection by the audit party. The recovery of the penalty was stayed during the appeal process. Case-Laws Central Excise Tue, 16 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242102