https://www.taxtmi.com/caselaws?id=368858 The Tribunal partially allowed the appeal by waiving penalties imposed on a company for violating Rule 7 of the Cenvat Credit Rules, 2004. The company had voluntarily reversed irregularly availed credit before utilization and maintained sufficient credit balance during the disputed period. The Tribunal considered the cooperative conduct of the company, the revenue-neutrality of the issue, and a change in law, setting aside penalties under Rule 15(2) while upholding the demand and interest. en-us Fri, 05 Oct 2018 00:00:00 +0530 Tue, 16 Oct 2018 09:43:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368858 The Tribunal partially allowed the appeal by waiving penalties imposed on a company for violating Rule 7 of the Cenvat Credit Rules, 2004. The company had voluntarily reversed irregularly availed credit before utilization and maintained sufficient credit balance during the disputed period. The Tribunal considered the cooperative conduct of the company, the revenue-neutrality of the issue, and a change in law, setting aside penalties under Rule 15(2) while upholding the demand and interest. Case-Laws Central Excise Fri, 05 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368858