https://www.taxtmi.com/caselaws?id=76232 Wrongly taken Cenvat credit could justify confirmation of duty recovery where the assessee had availed excess duty credit suo motu and later reversed it, especially after pursuing a refund claim under Section 11B. The duty demand was upheld. Interest was not automatic on unutilised credit and depended on verification of whether the credit had actually been utilised during the relevant period. Penalty was considered warranted on the facts, but it was reduced rather than sustained at the original level. The interest issue was remitted for verification of utilisation. en-us Tue, 04 Aug 2009 00:00:00 +0530 Thu, 17 Jun 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76232 Wrongly taken Cenvat credit could justify confirmation of duty recovery where the assessee had availed excess duty credit suo motu and later reversed it, especially after pursuing a refund claim under Section 11B. The duty demand was upheld. Interest was not automatic on unutilised credit and depended on verification of whether the credit had actually been utilised during the relevant period. Penalty was considered warranted on the facts, but it was reduced rather than sustained at the original level. The interest issue was remitted for verification of utilisation. Case-Laws Central Excise Tue, 04 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76232