https://www.taxtmi.com/caselaws?id=404641 The tribunal dismissed the Revenue's appeal in a case concerning the imposition of a penalty under Rule 15(2) of the Cenvat Credit Rules, 2004. The dispute centered on input credit for a specific period related to the manufacturing of HSD. The tribunal found in favor of the assessee, ruling that no penalty should be imposed as the defense presented was valid and aligned with legal precedents. Compliance with laws and specifications was emphasized, leading to the rejection of the Revenue's appeal and the non-upholding of the penalty. en-us Tue, 09 Feb 2021 00:00:00 +0530 Sat, 27 Feb 2021 11:26:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404641 The tribunal dismissed the Revenue's appeal in a case concerning the imposition of a penalty under Rule 15(2) of the Cenvat Credit Rules, 2004. The dispute centered on input credit for a specific period related to the manufacturing of HSD. The tribunal found in favor of the assessee, ruling that no penalty should be imposed as the defense presented was valid and aligned with legal precedents. Compliance with laws and specifications was emphasized, leading to the rejection of the Revenue's appeal and the non-upholding of the penalty. Case-Laws Central Excise Tue, 09 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404641