2013 (2) TMI 214

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..... Penalty is reduced to 25% of tax element which shall be payable within 30 days. Stay denied - 922/2012-SM - - - Dated:- 13-7-2012 - Shri D.N. Panda, J. Present for the Appellant : Shri Atul Gupta, C.A. Present for the Respondent : Ms. Shweta Bector,D.R. ORDER Per D.N. Panda: Learned Chartered Accountant says that Cenvat credit was utilised for a short time without havin .....

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..... nterest shall follow.Now only question of penalty is left. Appellants prayer although appears to be under Section 80 of the Finance Act, 1994, conduct of the appellant does not reflect to be fair when public money was enjoyed without credit being available on record. However, to reduce the dispute, penalty is reduced to 25% of tax element which shall be payable within 30 days of receipt of this o .....

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