https://www.taxtmi.com/caselaws?id=348360 The tribunal reduced the penalty imposed on the appellant under Rule 15 of the Cenvat Credit Rules, 2004, to Rs. 50,000, finding the original penalty amount excessive as it equaled the duty amount. The appellant's appeal for a reduction in the penalty was successful based on the tribunal's discretion in determining the penalty amount, which considered the circumstances of the case. en-us Tue, 29 Aug 2017 00:00:00 +0530 Thu, 21 Sep 2017 07:06:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348360 The tribunal reduced the penalty imposed on the appellant under Rule 15 of the Cenvat Credit Rules, 2004, to Rs. 50,000, finding the original penalty amount excessive as it equaled the duty amount. The appellant's appeal for a reduction in the penalty was successful based on the tribunal's discretion in determining the penalty amount, which considered the circumstances of the case. Case-Laws Central Excise Tue, 29 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348360