https://www.taxtmi.com/caselaws?id=246319 The penalty imposed under Rule 15 of the Cenvat Credit Rules, 2004 for non-maintenance of separate accounts and failure to reverse Cenvat credit on inputs upon opting for exemption was contested in the appeal. The original penalty of Rs. 25,000 was reduced to Rs. 15,000 by the judge considering the financial constraints of the appellant. The decision upheld the penalty imposition, emphasizing compliance with Cenvat Credit Rules and the consequences of non-compliance. en-us Fri, 02 Dec 2011 00:00:00 +0530 Sun, 20 Apr 2014 16:00:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246319 The penalty imposed under Rule 15 of the Cenvat Credit Rules, 2004 for non-maintenance of separate accounts and failure to reverse Cenvat credit on inputs upon opting for exemption was contested in the appeal. The original penalty of Rs. 25,000 was reduced to Rs. 15,000 by the judge considering the financial constraints of the appellant. The decision upheld the penalty imposition, emphasizing compliance with Cenvat Credit Rules and the consequences of non-compliance. Case-Laws Central Excise Fri, 02 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246319