https://www.taxtmi.com/caselaws?id=368184 The Tribunal set aside the penalty imposed on the appellant for availing Cenvat Credit on capital goods during a disputed period, as there was no evidence of fraud or collusion. The appellant voluntarily reversed the credit and paid interest upon audit findings, showing compliance with the Cenvat statute. The Tribunal found that obtaining registration at the initial plant setup was not a prerequisite for availing the credit. Consequently, the penalty imposed under Rule 15(2) of the Cenvat Credit Rules, 2004, read with Section 11AC of the Central Excise Act, 1944, was deemed unjustified, and the appellant's appeal was allowed. en-us Tue, 21 Aug 2018 00:00:00 +0530 Thu, 04 Oct 2018 07:29:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368184 The Tribunal set aside the penalty imposed on the appellant for availing Cenvat Credit on capital goods during a disputed period, as there was no evidence of fraud or collusion. The appellant voluntarily reversed the credit and paid interest upon audit findings, showing compliance with the Cenvat statute. The Tribunal found that obtaining registration at the initial plant setup was not a prerequisite for availing the credit. Consequently, the penalty imposed under Rule 15(2) of the Cenvat Credit Rules, 2004, read with Section 11AC of the Central Excise Act, 1944, was deemed unjustified, and the appellant's appeal was allowed. Case-Laws Central Excise Tue, 21 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368184