https://www.taxtmi.com/caselaws?id=2556 The Tribunal upheld the decision not to impose a penalty on the respondent under Section 11AC of the Central Excise Act. The respondent admitted fraudulent Cenvat Credit but contested the penalty imposition. The respondent paid the Cenvat credit amount and a 25% penalty. The Tribunal found the penalty sufficient under the proviso to Section 11AC, adjusting it against amounts already paid. The appeal was disposed of without further recovery, emphasizing the legal interpretation of penalties and adjustments under the Act. en-us Thu, 02 Aug 2007 00:00:00 +0530 Sun, 23 Nov 2008 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2556 The Tribunal upheld the decision not to impose a penalty on the respondent under Section 11AC of the Central Excise Act. The respondent admitted fraudulent Cenvat Credit but contested the penalty imposition. The respondent paid the Cenvat credit amount and a 25% penalty. The Tribunal found the penalty sufficient under the proviso to Section 11AC, adjusting it against amounts already paid. The appeal was disposed of without further recovery, emphasizing the legal interpretation of penalties and adjustments under the Act. Case-Laws Central Excise Thu, 02 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2556