https://www.taxtmi.com/caselaws?id=246583 The appeal was dismissed by the Tribunal as the appellant had taken CENVAT credit without receiving the inputs, leading to a penalty under Section 11AC of the Central Excise Act. The appellant had already paid 25% of the duty amount as penalty within the prescribed period, benefiting from the 1st proviso to Section 11AC. The Tribunal found the grounds raised in the appeal inconsistent with the reality of the situation, where the appellant had accepted the applicability of Section 11AC. The judgment was pronounced in open court, resulting in the dismissal of the appeal. en-us Fri, 31 Aug 2012 00:00:00 +0530 Sun, 20 Apr 2014 16:32:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246583 The appeal was dismissed by the Tribunal as the appellant had taken CENVAT credit without receiving the inputs, leading to a penalty under Section 11AC of the Central Excise Act. The appellant had already paid 25% of the duty amount as penalty within the prescribed period, benefiting from the 1st proviso to Section 11AC. The Tribunal found the grounds raised in the appeal inconsistent with the reality of the situation, where the appellant had accepted the applicability of Section 11AC. The judgment was pronounced in open court, resulting in the dismissal of the appeal. Case-Laws Central Excise Fri, 31 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246583