https://www.taxtmi.com/caselaws?id=1804 Penalty under the Cenvat credit regime was not sustainable where credit on capital goods was taken in full but utilised only within the statutory restriction under Rule 4(2)(a), and no fraud, wilful misstatement, collusion, or suppression of facts was found. On those facts, penalty under Rule 13 of the Cenvat Credit Rules, 2002 read with Section 11AC of the Central Excise Act, 1944 was held not exigible, and the Revenue challenge failed. en-us Wed, 28 Mar 2007 00:00:00 +0530 Tue, 15 Apr 2008 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1804 Penalty under the Cenvat credit regime was not sustainable where credit on capital goods was taken in full but utilised only within the statutory restriction under Rule 4(2)(a), and no fraud, wilful misstatement, collusion, or suppression of facts was found. On those facts, penalty under Rule 13 of the Cenvat Credit Rules, 2002 read with Section 11AC of the Central Excise Act, 1944 was held not exigible, and the Revenue challenge failed. Case-Laws Central Excise Wed, 28 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1804