https://www.taxtmi.com/caselaws?id=121452 Capital goods credit taken beyond the permissible limit under Rule 4(2)(a) of the Cenvat Credit Rules, 2002 was reversed before utilisation, so the substantive basis for penal consequences was absent. On that footing, interest was also not leviable. The CESTAT, Mumbai set aside both interest and penalty. en-us Thu, 16 Nov 2006 00:00:00 +0530 Mon, 30 Jul 2012 17:20:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121452 Capital goods credit taken beyond the permissible limit under Rule 4(2)(a) of the Cenvat Credit Rules, 2002 was reversed before utilisation, so the substantive basis for penal consequences was absent. On that footing, interest was also not leviable. The CESTAT, Mumbai set aside both interest and penalty. Case-Laws Central Excise Thu, 16 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121452