https://www.taxtmi.com/caselaws?id=269796 Wrongful and premature availment of Cenvat credit can attract penalty even if the credit is later reversed with interest, because the rule contravention remains established. However, where suppression of facts with intent to evade duty is not shown, the penalty quantum may be interfered with and reduced. Penalty was therefore sustained in principle, but the amount was cut down to Rs. 1,50,000, and the order was modified to that limited extent. en-us Fri, 13 Nov 2015 00:00:00 +0530 Tue, 22 Dec 2015 06:09:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269796 Wrongful and premature availment of Cenvat credit can attract penalty even if the credit is later reversed with interest, because the rule contravention remains established. However, where suppression of facts with intent to evade duty is not shown, the penalty quantum may be interfered with and reduced. Penalty was therefore sustained in principle, but the amount was cut down to Rs. 1,50,000, and the order was modified to that limited extent. Case-Laws Central Excise Fri, 13 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269796