https://www.taxtmi.com/caselaws?id=270006 Excess Cenvat credit reversed by the assessee through a revised return, with the credit account showing sufficient balance and regularisation on record, sustained the demand of credit and the consequential interest. Penalty under Rule 15(2) read with Section 11AC was not justified because the material did not establish fraud, collusion, wilful misstatement, suppression of facts, or intent to evade duty. On that basis, the penal component was set aside while the credit demand and interest remained in force. en-us Fri, 06 Nov 2015 00:00:00 +0530 Sat, 26 Dec 2015 11:28:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270006 Excess Cenvat credit reversed by the assessee through a revised return, with the credit account showing sufficient balance and regularisation on record, sustained the demand of credit and the consequential interest. Penalty under Rule 15(2) read with Section 11AC was not justified because the material did not establish fraud, collusion, wilful misstatement, suppression of facts, or intent to evade duty. On that basis, the penal component was set aside while the credit demand and interest remained in force. Case-Laws Central Excise Fri, 06 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270006