https://www.taxtmi.com/caselaws?id=336332 The tribunal ruled in favor of the appellant, setting aside the equal penalty imposed under Rule 15(2) of Cenvat Credit Rules, 2004 read with Section 11AC. It found that the improper cenvat credit availment was due to inadvertent error, not willful misdeclaration or suppression of facts. The appellant rectified the mistake upon notification, indicating lack of fraudulent intent. The tribunal emphasized the importance of assessing intent before imposing penalties, ultimately allowing the appeal. en-us Fri, 21 Oct 2016 00:00:00 +0530 Sun, 18 Dec 2016 20:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336332 The tribunal ruled in favor of the appellant, setting aside the equal penalty imposed under Rule 15(2) of Cenvat Credit Rules, 2004 read with Section 11AC. It found that the improper cenvat credit availment was due to inadvertent error, not willful misdeclaration or suppression of facts. The appellant rectified the mistake upon notification, indicating lack of fraudulent intent. The tribunal emphasized the importance of assessing intent before imposing penalties, ultimately allowing the appeal. Case-Laws Central Excise Fri, 21 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336332