https://www.taxtmi.com/caselaws?id=246316 Penalty under Rule 15 of the Cenvat Credit Rules, 2004 was held unsustainable where the assessee transferred an amount from the PLA account to the Cenvat credit account for discharge of service tax liability. The transfer caused no demonstrated prejudice to the Revenue, the amount had already been deposited into the treasury through the PLA, and there was no evidence of mala fides, intention to evade duty, or wilful contravention of law. In the absence of a knowing breach, penalty could not be justified, and relief was warranted in favour of the assessee. en-us Wed, 30 Nov 2011 00:00:00 +0530 Tue, 11 Mar 2014 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246316 Penalty under Rule 15 of the Cenvat Credit Rules, 2004 was held unsustainable where the assessee transferred an amount from the PLA account to the Cenvat credit account for discharge of service tax liability. The transfer caused no demonstrated prejudice to the Revenue, the amount had already been deposited into the treasury through the PLA, and there was no evidence of mala fides, intention to evade duty, or wilful contravention of law. In the absence of a knowing breach, penalty could not be justified, and relief was warranted in favour of the assessee. Case-Laws Central Excise Wed, 30 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246316