https://www.taxtmi.com/caselaws?id=355894 Penalty under Rule 15(2) of the Cenvat Credit Rules, 2004 read with Section 11AC of the Central Excise Act was held unwarranted despite confirmation of duty liability, because the underlying taxability issue was debatable and differing views existed. In the absence of any finding of wilful fraud by the assessee, the mandatory character of the penalty provision was not applied rigidly, and the Tribunal's refusal to impose penalty was upheld. en-us Thu, 15 Feb 2018 00:00:00 +0530 Wed, 21 Feb 2018 06:27:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355894 Penalty under Rule 15(2) of the Cenvat Credit Rules, 2004 read with Section 11AC of the Central Excise Act was held unwarranted despite confirmation of duty liability, because the underlying taxability issue was debatable and differing views existed. In the absence of any finding of wilful fraud by the assessee, the mandatory character of the penalty provision was not applied rigidly, and the Tribunal's refusal to impose penalty was upheld. Case-Laws Central Excise Thu, 15 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355894