https://www.taxtmi.com/caselaws?id=371394 The judgment upheld the demand of interest to the extent of Rs. 12,963 but set aside the penalty under Rule 15(2) of the Cenvat Credit Rules, 2004 read with Section 11AC of the Central Excise Act, 1944. The decision was based on the appellant's timely reversal of credit and the absence of intent to evade duty, aligning with relevant legal precedents and interpretations. en-us Mon, 19 Nov 2018 00:00:00 +0530 Tue, 04 Dec 2018 08:57:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371394 The judgment upheld the demand of interest to the extent of Rs. 12,963 but set aside the penalty under Rule 15(2) of the Cenvat Credit Rules, 2004 read with Section 11AC of the Central Excise Act, 1944. The decision was based on the appellant's timely reversal of credit and the absence of intent to evade duty, aligning with relevant legal precedents and interpretations. Case-Laws Central Excise Mon, 19 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371394