https://www.taxtmi.com/caselaws?id=348117 The appellate tribunal upheld the adjudicating authority's decision in a case involving the appellant's clearance of CENVAT credit availed Capital Goods without payment, through lease agreements with other manufacturers. The authority confirmed the demand, interest, and penalties due to the removal of capital goods without payment, emphasizing the appellant's failure to discharge duty liability promptly. The tribunal rejected the appeal, affirming the penalties imposed under Section 11AC of the Central Excise Act, 1944, due to the appellant's malafide intention and evasion of duty, ultimately upholding the correctness and legality of the impugned order. en-us Wed, 30 Aug 2017 00:00:00 +0530 Sat, 16 Sep 2017 08:59:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348117 The appellate tribunal upheld the adjudicating authority's decision in a case involving the appellant's clearance of CENVAT credit availed Capital Goods without payment, through lease agreements with other manufacturers. The authority confirmed the demand, interest, and penalties due to the removal of capital goods without payment, emphasizing the appellant's failure to discharge duty liability promptly. The tribunal rejected the appeal, affirming the penalties imposed under Section 11AC of the Central Excise Act, 1944, due to the appellant's malafide intention and evasion of duty, ultimately upholding the correctness and legality of the impugned order. Case-Laws Central Excise Wed, 30 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348117