2009 (7) TMI 1023

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....e Respondent. ORDER A very short issue is involved in the present appeal. The appellants had taken Cenvat Credit on Capital goods to the extent of 100% paid thereon during the year 2005-06, whereas they were required to avail 50% of the credit in the said financial year and balance 50% was to be availed in the next financial year. The appellants reversed the said credit on the objection bein....

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....authority concurred with the findings of original adjudicating authority as regards the liability to interest was concerned. Accordingly, he rejected Revenue's appeal on the claim of interest. As regards penalty, he observed that the provisions of Rule 15(1) of Cenvat Credit Rules, 2004 are concerned, mens rea is not the requirement. Inasmuch as the appellant had admittedly violted the rule, he, b....