https://www.taxtmi.com/caselaws?id=326121 The Tribunal set aside the penalty imposed under Rule 15(1) of Cenvat Credit Rules, 2004, in a case involving the disallowance of cenvat credit on service tax paid on insurance policies. The Commissioner's decision was challenged, and after reviewing the records, the Tribunal found no justification for the penalty due to the appellants' reversal of the cenvat credit and the small disputed amount. The appeal was allowed in favor of the appellants, with the penalty being set aside. en-us Tue, 05 Apr 2016 00:00:00 +0530 Thu, 07 Apr 2016 10:15:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326121 The Tribunal set aside the penalty imposed under Rule 15(1) of Cenvat Credit Rules, 2004, in a case involving the disallowance of cenvat credit on service tax paid on insurance policies. The Commissioner's decision was challenged, and after reviewing the records, the Tribunal found no justification for the penalty due to the appellants' reversal of the cenvat credit and the small disputed amount. The appeal was allowed in favor of the appellants, with the penalty being set aside. Case-Laws Central Excise Tue, 05 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326121