https://www.taxtmi.com/caselaws?id=370633 The tribunal acknowledged irregularities in CENVAT credit availment by the appellant, leading to tax evasion. While agreeing on liability for interest, the penalty under Section 78 was reduced to 50% of the evaded duty amount, as per the proviso. The impugned order was modified to reflect the reduced penalty, disposing of the appeal. en-us Tue, 06 Nov 2018 00:00:00 +0530 Wed, 21 Nov 2018 21:28:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370633 The tribunal acknowledged irregularities in CENVAT credit availment by the appellant, leading to tax evasion. While agreeing on liability for interest, the penalty under Section 78 was reduced to 50% of the evaded duty amount, as per the proviso. The impugned order was modified to reflect the reduced penalty, disposing of the appeal. Case-Laws Service Tax Tue, 06 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370633