https://www.taxtmi.com/caselaws?id=354533 The High Court upheld the imposition of penalty on the appellant assessee for non-inadvertent acts despite awareness of Cenvat Credit Rules. The Tribunal rejected the argument that reversal of wrongly availed credit could waive the penalty, emphasizing deliberate acts. Relying on LG Electronics Pvt. Ltd. case, the appellant's argument was dismissed as the court found Rule 15(2) applicable due to suppression of facts. No substantial legal questions were raised, leading to the dismissal of the appeal without costs. en-us Tue, 23 Jan 2018 00:00:00 +0530 Wed, 31 Jan 2018 08:07:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354533 The High Court upheld the imposition of penalty on the appellant assessee for non-inadvertent acts despite awareness of Cenvat Credit Rules. The Tribunal rejected the argument that reversal of wrongly availed credit could waive the penalty, emphasizing deliberate acts. Relying on LG Electronics Pvt. Ltd. case, the appellant's argument was dismissed as the court found Rule 15(2) applicable due to suppression of facts. No substantial legal questions were raised, leading to the dismissal of the appeal without costs. Case-Laws Central Excise Tue, 23 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354533