2014 (6) TMI 421

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..... by them both for providing authorized service and for sale is available to them and they have paid the service tax subsequently. I am of the view that this is a case which is squarely covered under the provisions of Rule 15(1) of the CENVAT Credit Rules, 2004 which prescribes a maximum penalty of Rs. 2,000/- for taking or utilizing CENVAT credit wrongly. Hence the penalty of Rs. 71,965/- is reduce .....

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..... learned counsel states that since the credit was taken inadvertently, under the bona fide belief that the same was admissible, he requests for waiver of the entire penalty. 3. The learned DR supports the impugned order. 4. After considering submissions from both sides, I find that this is not a case of availing irregular credit by reason of fraud, collusion etc. This is a case where the appe .....

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