https://www.taxtmi.com/caselaws?id=328900 The Tribunal dismissed the Revenue's appeal regarding the imposition of penalty under Section 11 AC of the Central Excise Act, 1944. The Commissioner (Appeals) upheld the allowance of Cenvat credit on polyester film used in manufacturing pouches, resulting in a lower duty liability and penalty amount. The Tribunal emphasized that the penalty should be based on the duty liability after considering Cenvat credit, in line with established legal principles and precedents. en-us Fri, 01 Apr 2016 00:00:00 +0530 Fri, 17 Jun 2016 09:57:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328900 The Tribunal dismissed the Revenue's appeal regarding the imposition of penalty under Section 11 AC of the Central Excise Act, 1944. The Commissioner (Appeals) upheld the allowance of Cenvat credit on polyester film used in manufacturing pouches, resulting in a lower duty liability and penalty amount. The Tribunal emphasized that the penalty should be based on the duty liability after considering Cenvat credit, in line with established legal principles and precedents. Case-Laws Central Excise Fri, 01 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328900