https://www.taxtmi.com/caselaws?id=311534 The Tribunal addressed two rectification applications regarding a final order dated 14.07.2020. The assessee's application was partly allowed, clarifying that cenvat credit on inputs is admissible subject to verification. The Tribunal upheld the imposition of a 100% penalty under section 11AC, as the necessary conditions were met. The Revenue's application was rejected, as the Tribunal confirmed that no demand was improperly set aside, and the findings of the Adjudicating Authority were supported due to insufficient evidence from the Department. The order was finalized on 30/09/2022. en-us Fri, 30 Sep 2022 00:00:00 +0530 Sat, 30 Dec 2023 19:46:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311534 The Tribunal addressed two rectification applications regarding a final order dated 14.07.2020. The assessee's application was partly allowed, clarifying that cenvat credit on inputs is admissible subject to verification. The Tribunal upheld the imposition of a 100% penalty under section 11AC, as the necessary conditions were met. The Revenue's application was rejected, as the Tribunal confirmed that no demand was improperly set aside, and the findings of the Adjudicating Authority were supported due to insufficient evidence from the Department. The order was finalized on 30/09/2022. Case-Laws Central Excise Fri, 30 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311534