https://www.taxtmi.com/caselaws?id=372648 The Tribunal allowed the appeal in part, setting aside the penalty but confirming the disallowance of cenvat credit with applicable interest. It ruled that the penalty imposed under the Central Excise Act and Cenvat Credit Rules could not stand due to the appellant's erroneous understanding of procedural law. The judgment emphasized the importance of following established procedures and the limitations on taking suo motu credit without explicit provisions, providing clarity on duty liabilities, penalties, and consequences of unauthorized recredit actions. en-us Wed, 12 Dec 2018 00:00:00 +0530 Thu, 27 Dec 2018 15:58:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372648 The Tribunal allowed the appeal in part, setting aside the penalty but confirming the disallowance of cenvat credit with applicable interest. It ruled that the penalty imposed under the Central Excise Act and Cenvat Credit Rules could not stand due to the appellant's erroneous understanding of procedural law. The judgment emphasized the importance of following established procedures and the limitations on taking suo motu credit without explicit provisions, providing clarity on duty liabilities, penalties, and consequences of unauthorized recredit actions. Case-Laws Central Excise Wed, 12 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372648