https://www.taxtmi.com/caselaws?id=118565 Pre-notice reversal of disputed Cenvat credit may weigh against penalty in stay proceedings, and the penalty demand was found prima facie unsustainable. By contrast, interest on wrongly taken Cenvat credit was treated as recoverable even where the credit had not been utilised, because the statutory recovery scheme covers credit taken wrongly and supports interest liability on unpaid dues. Interim relief was therefore confined to the penalty component, while the interest demand was left undisturbed at the stay stage pending final disposal. en-us Thu, 20 Jul 2006 00:00:00 +0530 Wed, 04 Jul 2012 12:13:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118565 Pre-notice reversal of disputed Cenvat credit may weigh against penalty in stay proceedings, and the penalty demand was found prima facie unsustainable. By contrast, interest on wrongly taken Cenvat credit was treated as recoverable even where the credit had not been utilised, because the statutory recovery scheme covers credit taken wrongly and supports interest liability on unpaid dues. Interim relief was therefore confined to the penalty component, while the interest demand was left undisturbed at the stay stage pending final disposal. Case-Laws Central Excise Thu, 20 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118565