https://www.taxtmi.com/article/detailed?id=6275 The amendment restructures penalties under the Cenvat Credit Rules into a tiered regime distinguishing fraud-related cases from ordinary short/non-payment cases, provides reduced penalties for prompt payment after notice or adjudication, permits settlement of pending notices on payment with reduced penalty in specified situations, and removes certain documentary prerequisites for claiming reduced penalties while preserving interest recovery provisions. en-us Tue, 26 May 2015 07:44:08 +0530 Tue, 26 May 2015 07:44:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6275 The amendment restructures penalties under the Cenvat Credit Rules into a tiered regime distinguishing fraud-related cases from ordinary short/non-payment cases, provides reduced penalties for prompt payment after notice or adjudication, permits settlement of pending notices on payment with reduced penalty in specified situations, and removes certain documentary prerequisites for claiming reduced penalties while preserving interest recovery provisions. Articles Service Tax Tue, 26 May 2015 07:44:08 +0530 https://www.taxtmi.com/article/detailed?id=6275