https://www.taxtmi.com/caselaws?id=357405 The appellant's appeal regarding the utilization of CENVAT credit for clearances of exempted goods was partially upheld. The liability of &8377;32,91,693/-, interest, and penalty under rule 15(2) of CENVAT Credit Rules, 2004 was confirmed. However, the penalty imposed on the appellant was set aside as the tribunal found that the conditions for penalties under rule 15(2) were not met. The appellant's argument that there was no intent to evade duty was considered, and the tribunal emphasized the importance of clear justification before imposing penalties under the said rule. en-us Fri, 03 Nov 2017 00:00:00 +0530 Fri, 23 Mar 2018 11:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357405 The appellant's appeal regarding the utilization of CENVAT credit for clearances of exempted goods was partially upheld. The liability of &8377;32,91,693/-, interest, and penalty under rule 15(2) of CENVAT Credit Rules, 2004 was confirmed. However, the penalty imposed on the appellant was set aside as the tribunal found that the conditions for penalties under rule 15(2) were not met. The appellant's argument that there was no intent to evade duty was considered, and the tribunal emphasized the importance of clear justification before imposing penalties under the said rule. Case-Laws Central Excise Fri, 03 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357405