https://www.taxtmi.com/caselaws?id=406488 The High Court set aside the Tribunal's order in an appeal under Section 35-G of the Central Excise Act, 1944, emphasizing the correct application of legal principles and precedents. The Court highlighted the entitlement of an input service distributor to distribute credit under Rule 7 of the Cenvat Credit Rules, 2004, and criticized the Tribunal for lacking reasoning. The penalty provisions under Rule 15(3) were differentiated based on the unamended and amended versions, with penalties being reduced or set aside depending on the circumstances and legal provisions applicable during the respective periods. The matter was remitted back to the Tribunal for a fresh decision in accordance with the law. en-us Thu, 01 Apr 2021 00:00:00 +0530 Thu, 15 Apr 2021 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406488 The High Court set aside the Tribunal's order in an appeal under Section 35-G of the Central Excise Act, 1944, emphasizing the correct application of legal principles and precedents. The Court highlighted the entitlement of an input service distributor to distribute credit under Rule 7 of the Cenvat Credit Rules, 2004, and criticized the Tribunal for lacking reasoning. The penalty provisions under Rule 15(3) were differentiated based on the unamended and amended versions, with penalties being reduced or set aside depending on the circumstances and legal provisions applicable during the respective periods. The matter was remitted back to the Tribunal for a fresh decision in accordance with the law. Case-Laws Central Excise Thu, 01 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406488