https://www.taxtmi.com/caselaws?id=253507 The Court upheld the Customs, Excise and Service Tax Appellate Tribunal's decision to grant a waiver of 75% of the demand and 90% of the penalty imposed on the director, along with a total waiver of the statutory penalty. The Tribunal found the petitioners had made an arguable case regarding the alleged wrongful availment of Cenvat credit due to the lack of manufacturing activities. The Court emphasized the importance of proper Cenvat credit utilization and deferred to the Tribunal's discretion in granting the waiver, deeming it reasonable. The writ petition was disposed of with no order as to costs. en-us Tue, 08 Jul 2014 00:00:00 +0530 Wed, 26 Nov 2014 11:56:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253507 The Court upheld the Customs, Excise and Service Tax Appellate Tribunal's decision to grant a waiver of 75% of the demand and 90% of the penalty imposed on the director, along with a total waiver of the statutory penalty. The Tribunal found the petitioners had made an arguable case regarding the alleged wrongful availment of Cenvat credit due to the lack of manufacturing activities. The Court emphasized the importance of proper Cenvat credit utilization and deferred to the Tribunal's discretion in granting the waiver, deeming it reasonable. The writ petition was disposed of with no order as to costs. Case-Laws Central Excise Tue, 08 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253507