Sunday, 12 April 2015

No penalty for wrongful availment of cenvat credit unless intention to evade duty was proved

Cenvat Credit : To attract penalty under Cenvat, rule 15(2), read with section 11AC, revenue has to prove that assessee has availed Cenvat credit wrongly with an 'intent to evade duty'; if department fails to prove that, no such penalty can be levied


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