https://www.taxtmi.com/caselaws?id=763210 The Tribunal set aside the penalty imposed under Rule 26 of the Central Excise Rules, 2002, on the employee for inadvertent Cenvat credit availment, acknowledging the voluntary credit reversal and lack of malafide intent. The Tribunal also considered the impact of the corporate insolvency resolution process, which extinguished prior demands, thereby allowing the appeal. en-us Thu, 12 Dec 2024 00:00:00 +0530 Mon, 16 Dec 2024 08:44:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763210 The Tribunal set aside the penalty imposed under Rule 26 of the Central Excise Rules, 2002, on the employee for inadvertent Cenvat credit availment, acknowledging the voluntary credit reversal and lack of malafide intent. The Tribunal also considered the impact of the corporate insolvency resolution process, which extinguished prior demands, thereby allowing the appeal. Case-Laws Central Excise Thu, 12 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763210