https://www.taxtmi.com/caselaws?id=365863 The Tribunal upheld the decision to drop the penalty imposed on the respondent under Rule 15(2) of the CENVAT Credit Rules, 2004 and Section 11AC of the Central Excise Act, 1944, based on the judgment of the Hon'ble Punjab & Haryana High Court. The Tribunal also confirmed the demand of interest for delayed reversal of CENVAT credit, following a judgment of the Hon'ble Bombay High Court. Consequently, both the appeal by Revenue and the cross appeal by the respondent were dismissed. en-us Thu, 26 Jul 2018 00:00:00 +0530 Sat, 25 Aug 2018 09:26:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365863 The Tribunal upheld the decision to drop the penalty imposed on the respondent under Rule 15(2) of the CENVAT Credit Rules, 2004 and Section 11AC of the Central Excise Act, 1944, based on the judgment of the Hon'ble Punjab & Haryana High Court. The Tribunal also confirmed the demand of interest for delayed reversal of CENVAT credit, following a judgment of the Hon'ble Bombay High Court. Consequently, both the appeal by Revenue and the cross appeal by the respondent were dismissed. Case-Laws Central Excise Thu, 26 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365863