https://www.taxtmi.com/caselaws?id=366269 The Tribunal upheld the imposition of a penalty under the erstwhile rule 13 of CENVAT Credit Rules, 2002, but reduced the amount from Rs. 2,38,132 to Rs. 1,00,000 due to the appellant's incorrect actions. The judgment considered the appellant's arguments on rule interpretation, interest liability impact, and the timing of rectification in response to the Tribunal's order. Despite finding the penalty warranted, a reduction was justified based on the discharge of liability, providing a balanced approach considering both parties' contentions and relevant legal provisions. en-us Wed, 11 Apr 2018 00:00:00 +0530 Sat, 01 Sep 2018 06:05:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366269 The Tribunal upheld the imposition of a penalty under the erstwhile rule 13 of CENVAT Credit Rules, 2002, but reduced the amount from Rs. 2,38,132 to Rs. 1,00,000 due to the appellant's incorrect actions. The judgment considered the appellant's arguments on rule interpretation, interest liability impact, and the timing of rectification in response to the Tribunal's order. Despite finding the penalty warranted, a reduction was justified based on the discharge of liability, providing a balanced approach considering both parties' contentions and relevant legal provisions. Case-Laws Central Excise Wed, 11 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366269