Appeal Dismissed Due to Reduced Penalty & Upheld Interest Levy on Cenvat Credit

The High Court of Andhra Pradesh dismissed the appeal as the penalty was reduced significantly by the Tribunal based on proportionality grounds. The Tribunal upheld the interest levy for irregular availing of Cenvat credit. The appeal was dismissed without costs.

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The High Court of Andhra Pradesh dismissed the appeal, as the penalty was reduced from Rs. 62,04,375 to Rs. 25,000 by the Tribunal based on proportionality. The Tribunal confirmed the order of levying interest due to irregular availing of Cenvat credit, which was not utilized. The appeal was dismissed without costs.

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