https://www.taxtmi.com/caselaws?id=174972 The court quashed the penalty imposed on the assessee under Rule 13(2) of CENVAT Credit Rules, 2002 for excess credit taken through suppression of facts and willful misstatement, restoring the matter to CESTAT for reconsideration. The court also overturned CESTAT's reduction of the penalty, citing an inapplicable precedent, and directed a fresh review. Additionally, a discrepancy in credit reversal was noted, leading to the decision to remand the case for further examination. en-us Tue, 20 Mar 2012 00:00:00 +0530 Sat, 31 Oct 2015 17:18:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174972 The court quashed the penalty imposed on the assessee under Rule 13(2) of CENVAT Credit Rules, 2002 for excess credit taken through suppression of facts and willful misstatement, restoring the matter to CESTAT for reconsideration. The court also overturned CESTAT's reduction of the penalty, citing an inapplicable precedent, and directed a fresh review. Additionally, a discrepancy in credit reversal was noted, leading to the decision to remand the case for further examination. Case-Laws Central Excise Tue, 20 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174972