https://www.taxtmi.com/caselaws?id=356652 The appeal filed by M/s. Venkateshwara Earthmovers and Revenue was decided in favor of the Revenue. The penalty equal to the duty amount under Section 78 of the Finance Act was imposed on M/s. Venkateshwara Earthmovers for their failure to pay duty and file returns for over three years. The appellant's argument regarding the utilization of cenvat credit to discharge the duty liability and the delayed filing of returns did not prevent the imposition of the penalty. The appeal outcome allowed the noticee to pay only 25% of the penalty amount within 30 days, with no penalty under Section 76 imposed. en-us Wed, 28 Feb 2018 00:00:00 +0530 Wed, 21 Mar 2018 11:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356652 The appeal filed by M/s. Venkateshwara Earthmovers and Revenue was decided in favor of the Revenue. The penalty equal to the duty amount under Section 78 of the Finance Act was imposed on M/s. Venkateshwara Earthmovers for their failure to pay duty and file returns for over three years. The appellant's argument regarding the utilization of cenvat credit to discharge the duty liability and the delayed filing of returns did not prevent the imposition of the penalty. The appeal outcome allowed the noticee to pay only 25% of the penalty amount within 30 days, with no penalty under Section 76 imposed. Case-Laws Service Tax Wed, 28 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356652