https://www.taxtmi.com/caselaws?id=364607 The appeal challenged the penalty imposed under Rule 15(2) of Cenvat Credit Rules, 2004, for disputed CENVAT credit on imported steel scraps. The Tribunal found the penalty unjustified as there was no evidence of fraudulent intent in availing the credit. The appellant had paid the amount to the Government and the reversal of credit was not due to malafide intent. Therefore, the penalty imposition was set aside, and the appeal was partly allowed in favor of the appellant. en-us Thu, 17 May 2018 00:00:00 +0530 Thu, 02 Aug 2018 07:48:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364607 The appeal challenged the penalty imposed under Rule 15(2) of Cenvat Credit Rules, 2004, for disputed CENVAT credit on imported steel scraps. The Tribunal found the penalty unjustified as there was no evidence of fraudulent intent in availing the credit. The appellant had paid the amount to the Government and the reversal of credit was not due to malafide intent. Therefore, the penalty imposition was set aside, and the appeal was partly allowed in favor of the appellant. Case-Laws Central Excise Thu, 17 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364607