https://www.taxtmi.com/caselaws?id=365868 The Appellate Tribunal CESTAT MUMBAI set aside the penalty imposed on the appellant for the imposition of penalty under sub-rule (3) of Rule 15 of CENVAT Credit Rules, 2004 read with Section 78 of the Finance Act, 1994. The Tribunal found that there was a sufficient balance in the appellant's CENVAT account during the period in question, indicating no intention to defraud the Government Revenue. As a result, the penalty against the appellant was deemed unsustainable, and the appeal was allowed. en-us Thu, 26 Jul 2018 00:00:00 +0530 Sat, 25 Aug 2018 12:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365868 The Appellate Tribunal CESTAT MUMBAI set aside the penalty imposed on the appellant for the imposition of penalty under sub-rule (3) of Rule 15 of CENVAT Credit Rules, 2004 read with Section 78 of the Finance Act, 1994. The Tribunal found that there was a sufficient balance in the appellant's CENVAT account during the period in question, indicating no intention to defraud the Government Revenue. As a result, the penalty against the appellant was deemed unsustainable, and the appeal was allowed. Case-Laws Service Tax Thu, 26 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365868