https://www.taxtmi.com/caselaws?id=246706 The tribunal upheld the payment of cenvat credit by the appellants but reduced the penalty imposed in the Orders-in-Appeal from Rs. 1 lakh to Rs. 15,000 for each appellant in each appeal. The tribunal acknowledged the wrong credit availed but considered the circumstances and the amount involved in reducing the penalty amount, emphasizing a fair and reasonable approach in penalty imposition cases. en-us Fri, 14 Dec 2012 00:00:00 +0530 Sun, 20 Apr 2014 16:43:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246706 The tribunal upheld the payment of cenvat credit by the appellants but reduced the penalty imposed in the Orders-in-Appeal from Rs. 1 lakh to Rs. 15,000 for each appellant in each appeal. The tribunal acknowledged the wrong credit availed but considered the circumstances and the amount involved in reducing the penalty amount, emphasizing a fair and reasonable approach in penalty imposition cases. Case-Laws Central Excise Fri, 14 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246706