https://www.taxtmi.com/caselaws?id=116305 The Tribunal upheld the order directing the assessee to pay interest in cash or from the PLA instead of utilizing Cenvat credit. It ruled that a demand paid through credit reversal without appeal became final and could not be reopened during recovery. The penalty imposed on the assessee was reduced from the original amount to Rs. 1 lac, considering the non-payable portion of interest. Both Revenue and assessee appeals were disposed of, emphasizing the need to assess circumstances and legal provisions for a fair penalty determination. en-us Wed, 18 May 2005 00:00:00 +0530 Mon, 11 Jun 2012 12:44:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116305 The Tribunal upheld the order directing the assessee to pay interest in cash or from the PLA instead of utilizing Cenvat credit. It ruled that a demand paid through credit reversal without appeal became final and could not be reopened during recovery. The penalty imposed on the assessee was reduced from the original amount to Rs. 1 lac, considering the non-payable portion of interest. Both Revenue and assessee appeals were disposed of, emphasizing the need to assess circumstances and legal provisions for a fair penalty determination. Case-Laws Central Excise Wed, 18 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116305