https://www.taxtmi.com/caselaws?id=352053 The Tribunal allowed the appeal and directed the re-credit of the penalty amount of &8377; 4,40,000 to the Cenvat Account maintained by the appellant against the debit Entry No. 1921 dated 31.01.2003. This decision was based on the finding that the penalty amount was not utilized for the specific purposes allowed under the Cenvat Credit Rules, entitling the appellant to the refund. en-us Wed, 25 Oct 2017 00:00:00 +0530 Thu, 07 Dec 2017 08:00:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352053 The Tribunal allowed the appeal and directed the re-credit of the penalty amount of &8377; 4,40,000 to the Cenvat Account maintained by the appellant against the debit Entry No. 1921 dated 31.01.2003. This decision was based on the finding that the penalty amount was not utilized for the specific purposes allowed under the Cenvat Credit Rules, entitling the appellant to the refund. Case-Laws Central Excise Wed, 25 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352053