https://www.taxtmi.com/caselaws?id=246296 The Commissioner (Appeals) held that penalty under Rule 15 of Cenvat Credit Rules, 2004 was not applicable to two individuals as they did not misuse the credit. The Tribunal found Rule 26(1) of Central Excise Rules, 2002 inapplicable as the goods were not liable to confiscation. Rule 26(2) was also deemed irrelevant, leading to the rejection of the Revenue's appeal for penalty imposition under Rule 26 in the case. en-us Thu, 17 Nov 2011 00:00:00 +0530 Sun, 20 Apr 2014 15:58:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246296 The Commissioner (Appeals) held that penalty under Rule 15 of Cenvat Credit Rules, 2004 was not applicable to two individuals as they did not misuse the credit. The Tribunal found Rule 26(1) of Central Excise Rules, 2002 inapplicable as the goods were not liable to confiscation. Rule 26(2) was also deemed irrelevant, leading to the rejection of the Revenue's appeal for penalty imposition under Rule 26 in the case. Case-Laws Central Excise Thu, 17 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246296