https://www.taxtmi.com/caselaws?id=267965 The tribunal upheld the extended period's invocation for the demand of Cenvat Credit, citing lack of disclosure before audit. The interest demand under Section 11AB was upheld from the date of credit entry, not utilization. The penalty under Section 11AC was imposed due to suppression of fact, with the tribunal emphasizing the mandatory nature of the penalty, dismissing the appeal and affirming the penalty imposition. en-us Tue, 05 May 2015 00:00:00 +0530 Wed, 18 Nov 2015 15:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267965 The tribunal upheld the extended period's invocation for the demand of Cenvat Credit, citing lack of disclosure before audit. The interest demand under Section 11AB was upheld from the date of credit entry, not utilization. The penalty under Section 11AC was imposed due to suppression of fact, with the tribunal emphasizing the mandatory nature of the penalty, dismissing the appeal and affirming the penalty imposition. Case-Laws Central Excise Tue, 05 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267965