https://www.taxtmi.com/caselaws?id=356745 The Tribunal dismissed the appeal against the Cenvat credit and interest demand but partially allowed it by setting aside the penalty imposed on the appellant, a domestic manufacturer procuring inputs from an EOU. The Tribunal held that the Rule amendment regarding Cenvat credit did not have retrospective effect and must be strictly followed unless expressly stated otherwise in the notification. It was determined that the appellant's actions were not fraudulent, leading to the ruling against imposing a penalty under Rule 15 of the Cenvat Credit Rules, 2004. en-us Fri, 12 Jan 2018 00:00:00 +0530 Thu, 28 Jun 2018 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356745 The Tribunal dismissed the appeal against the Cenvat credit and interest demand but partially allowed it by setting aside the penalty imposed on the appellant, a domestic manufacturer procuring inputs from an EOU. The Tribunal held that the Rule amendment regarding Cenvat credit did not have retrospective effect and must be strictly followed unless expressly stated otherwise in the notification. It was determined that the appellant's actions were not fraudulent, leading to the ruling against imposing a penalty under Rule 15 of the Cenvat Credit Rules, 2004. Case-Laws Central Excise Fri, 12 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356745