https://www.taxtmi.com/caselaws?id=384396 The Tribunal set aside the penalty imposed on the appellant for wrongful availment of CENVAT credit under Rule 15(2) of the CENVAT Credit Rules, 2004, as there was no evidence of mala fide intention. The appellant promptly rectified the error by reversing the credit and paying interest, demonstrating good faith and compliance. The Tribunal emphasized the importance of immediate corrective actions and absence of fraudulent intent in such cases, leading to the appeal being allowed. en-us Mon, 05 Aug 2019 00:00:00 +0530 Tue, 13 Aug 2019 13:49:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384396 The Tribunal set aside the penalty imposed on the appellant for wrongful availment of CENVAT credit under Rule 15(2) of the CENVAT Credit Rules, 2004, as there was no evidence of mala fide intention. The appellant promptly rectified the error by reversing the credit and paying interest, demonstrating good faith and compliance. The Tribunal emphasized the importance of immediate corrective actions and absence of fraudulent intent in such cases, leading to the appeal being allowed. Case-Laws Central Excise Mon, 05 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384396