https://www.taxtmi.com/caselaws?id=190414 The tribunal ruled in favor of the appellant, setting aside the penalty imposed under Rule 15 of the Cenvat Credit Rules, 2004 read with Section 11AC of the Central Excise Act, 1944. The appellant's appeal against the penalty imposition was allowed as there was no evidence of mala fides and the appellant promptly reversed the wrongly taken Cenvat credit on capital goods along with interest. The tribunal found the penalty imposition unjustified, leading to the favorable outcome for the appellant. en-us Wed, 13 Apr 2016 00:00:00 +0530 Tue, 14 Feb 2017 18:14:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190414 The tribunal ruled in favor of the appellant, setting aside the penalty imposed under Rule 15 of the Cenvat Credit Rules, 2004 read with Section 11AC of the Central Excise Act, 1944. The appellant's appeal against the penalty imposition was allowed as there was no evidence of mala fides and the appellant promptly reversed the wrongly taken Cenvat credit on capital goods along with interest. The tribunal found the penalty imposition unjustified, leading to the favorable outcome for the appellant. Case-Laws Central Excise Wed, 13 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190414