https://www.taxtmi.com/caselaws?id=410549 The Appellate Tribunal CESTAT New Delhi upheld the penalty imposition on an appellant, a manufacturer of motor vehicle parts, for wrongly availing Cenvat Credit on export-related services and other services. The Tribunal found that the appellant failed to disclose the credit availment promptly, leading to a lack of compliance with self-assessment requirements. Relying on a decision of the High Court of Allahabad, the Tribunal determined that the appellant's actions constituted suppression with intent to evade duty payment, justifying the penalty imposition. Consequently, both appeals were dismissed, affirming the penalty imposition for the specified period. Compliance and timely rectification of irregularities were highlighted as crucial to avoid penalties and legal repercussions. en-us Tue, 03 Aug 2021 00:00:00 +0530 Thu, 04 Aug 2022 16:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410549 The Appellate Tribunal CESTAT New Delhi upheld the penalty imposition on an appellant, a manufacturer of motor vehicle parts, for wrongly availing Cenvat Credit on export-related services and other services. The Tribunal found that the appellant failed to disclose the credit availment promptly, leading to a lack of compliance with self-assessment requirements. Relying on a decision of the High Court of Allahabad, the Tribunal determined that the appellant's actions constituted suppression with intent to evade duty payment, justifying the penalty imposition. Consequently, both appeals were dismissed, affirming the penalty imposition for the specified period. Compliance and timely rectification of irregularities were highlighted as crucial to avoid penalties and legal repercussions. Case-Laws Central Excise Tue, 03 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410549