https://www.taxtmi.com/caselaws?id=266560 The Tribunal ruled in favor of the appellant, holding that the penalty under Rule 15(2) of the Cenvat Credit Rules, 2004 was unjustified. The appellant's non-reversal of cenvat credit on electricity used captively did not involve intent to deceive, fraud, or collusion. The Tribunal found that electricity was not excisable goods under the Central Excise Tariff and agreed with the appellant's interpretation of Rule 6. As there was no intent to evade duty, the Tribunal held that the penalty provision was inapplicable and set aside the impugned order. en-us Wed, 20 May 2015 00:00:00 +0530 Wed, 21 Oct 2015 11:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266560 The Tribunal ruled in favor of the appellant, holding that the penalty under Rule 15(2) of the Cenvat Credit Rules, 2004 was unjustified. The appellant's non-reversal of cenvat credit on electricity used captively did not involve intent to deceive, fraud, or collusion. The Tribunal found that electricity was not excisable goods under the Central Excise Tariff and agreed with the appellant's interpretation of Rule 6. As there was no intent to evade duty, the Tribunal held that the penalty provision was inapplicable and set aside the impugned order. Case-Laws Central Excise Wed, 20 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266560