https://www.taxtmi.com/caselaws?id=4345 The Appellate Tribunal CESTAT, Kolkata, partially allowed the appeal in a case involving violations of the CENVAT Credit Rules by the appellants. The Tribunal found that the appellants had overdrawn from their CENVAT Account, leading to insufficient balance to pay duty on excisable goods. Despite subsequent repayment, the lower appellate authority imposed a penalty and directed the appellants to pay the duty again from the PLA Account. The Tribunal deemed this unnecessary and instead ordered payment of interest on the unpaid amount. The penalty of Rs. 5.00 lakhs was upheld as proportionate to the offense committed. en-us Fri, 01 Feb 2008 00:00:00 +0530 Fri, 27 Jun 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4345 The Appellate Tribunal CESTAT, Kolkata, partially allowed the appeal in a case involving violations of the CENVAT Credit Rules by the appellants. The Tribunal found that the appellants had overdrawn from their CENVAT Account, leading to insufficient balance to pay duty on excisable goods. Despite subsequent repayment, the lower appellate authority imposed a penalty and directed the appellants to pay the duty again from the PLA Account. The Tribunal deemed this unnecessary and instead ordered payment of interest on the unpaid amount. The penalty of Rs. 5.00 lakhs was upheld as proportionate to the offense committed. Case-Laws Central Excise Fri, 01 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4345