2016 (8) TMI 834

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..... upplied to DMRC, within the stipulated time frame which admittedly has not been done. Since the Provisions contained in the Cenvat Credit Rules, 2004 in the present case has been contravened / violated, the appellant is exposed to the Penal consequences provided under Rule 15 of the Rules. However, considering the overall facts and circumstances of the case, it was found that penalty imposed by t .....

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..... t to M/s DMRC the provisions of Rule 6(6)(vii) do not have any application. Thus, the appellant was required to pay an amount equal to 5% of the value of the goods supplied to DMRC, within the stipulated time frame which admittedly has not been done. Since the Provisions contained in the Cenvat Credit Rules, 2004 in the present case has been contravened / violated, in my opinion, the appellant i .....

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