https://www.taxtmi.com/caselaws?id=121204 Inadmissible Cenvat credit reversed before issuance of the show cause notice and left unutilized did not attract interest under Section 11AB, because no duty benefit had been derived from the credit. The record also showed no mala fide, and the credit had been disclosed with the knowledge of jurisdictional Central Excise officers; on that basis, the reduced penalty under Rule 13 of the Cenvat Credit Rules, 2002 was upheld. The revenue's challenge therefore failed and the relief granted to the assessee was maintained. en-us Mon, 05 Mar 2007 00:00:00 +0530 Fri, 27 Jul 2012 14:25:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121204 Inadmissible Cenvat credit reversed before issuance of the show cause notice and left unutilized did not attract interest under Section 11AB, because no duty benefit had been derived from the credit. The record also showed no mala fide, and the credit had been disclosed with the knowledge of jurisdictional Central Excise officers; on that basis, the reduced penalty under Rule 13 of the Cenvat Credit Rules, 2002 was upheld. The revenue's challenge therefore failed and the relief granted to the assessee was maintained. Case-Laws Central Excise Mon, 05 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121204