https://www.taxtmi.com/caselaws?id=342812 The appellant's penalty for availing Cenvat Credit without receiving goods was reduced to 25% of the duty paid, to be settled within 30 days. The penalty on the Director was upheld but reduced to Rs. 25,000 from the initial amount, considering the Director's involvement. The court found the demand for interest unsustainable and imposed penalties in accordance with Section 11 AC of the Act, emphasizing timely duty payment and directorial responsibility in credit availment cases. en-us Tue, 18 Apr 2017 00:00:00 +0530 Thu, 11 May 2017 20:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342812 The appellant's penalty for availing Cenvat Credit without receiving goods was reduced to 25% of the duty paid, to be settled within 30 days. The penalty on the Director was upheld but reduced to Rs. 25,000 from the initial amount, considering the Director's involvement. The court found the demand for interest unsustainable and imposed penalties in accordance with Section 11 AC of the Act, emphasizing timely duty payment and directorial responsibility in credit availment cases. Case-Laws Central Excise Tue, 18 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342812