https://www.taxtmi.com/caselaws?id=247789 The appeal was allowed, setting aside the imposition of penalty under Section 11AC of the Central Excise Act, 1944, and Rule 15 of the Cenvat Credit Rules, 2004. The court found that the show-cause notice did not contain specific allegations required to invoke penalties, such as fraud or willful misstatement, making the extended period of limitation inapplicable. Therefore, the penalty was deemed unjustified, emphasizing the importance of meeting legal requirements for imposing penalties in taxation and credit rule cases. en-us Mon, 13 Jan 2014 00:00:00 +0530 Thu, 22 May 2014 08:46:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247789 The appeal was allowed, setting aside the imposition of penalty under Section 11AC of the Central Excise Act, 1944, and Rule 15 of the Cenvat Credit Rules, 2004. The court found that the show-cause notice did not contain specific allegations required to invoke penalties, such as fraud or willful misstatement, making the extended period of limitation inapplicable. Therefore, the penalty was deemed unjustified, emphasizing the importance of meeting legal requirements for imposing penalties in taxation and credit rule cases. Case-Laws Central Excise Mon, 13 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247789