https://www.taxtmi.com/caselaws?id=343930 The court ruled in favor of the appellant, setting aside the penalty imposition under Rule 15(2) of the CENVAT Credit Rules 2004. The judgment emphasized compliance with legal provisions and judicial precedents, highlighting that penalty proceedings were not maintainable if duty and interest were paid before the show-cause notice. The appellant's prompt reversal of CENVAT credit and payment of interest indicated no intention to evade payment, leading to the conclusion that the penalty imposition was not sustainable in law. en-us Tue, 28 Mar 2017 00:00:00 +0530 Mon, 05 Jun 2017 07:12:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343930 The court ruled in favor of the appellant, setting aside the penalty imposition under Rule 15(2) of the CENVAT Credit Rules 2004. The judgment emphasized compliance with legal provisions and judicial precedents, highlighting that penalty proceedings were not maintainable if duty and interest were paid before the show-cause notice. The appellant's prompt reversal of CENVAT credit and payment of interest indicated no intention to evade payment, leading to the conclusion that the penalty imposition was not sustainable in law. Case-Laws Central Excise Tue, 28 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343930