https://www.taxtmi.com/caselaws?id=123535 The case involved a dispute over the availing of 100% Cenvat credit on capital goods and spares instead of the prescribed 50%, leading to a demand for interest and penalty by the Revenue. The Commissioner (Appeals) ruled in favor of the Respondents, dismissing the interest and penalty obligations based on prior duty payment before the show cause notice, in line with legal interpretations and precedents. The judgment ultimately upheld the Commissioner (Appeals)'s decision, relieving the Respondents of the interest and penalty liabilities. en-us Wed, 26 Mar 2008 00:00:00 +0530 Fri, 08 Sep 2017 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123535 The case involved a dispute over the availing of 100% Cenvat credit on capital goods and spares instead of the prescribed 50%, leading to a demand for interest and penalty by the Revenue. The Commissioner (Appeals) ruled in favor of the Respondents, dismissing the interest and penalty obligations based on prior duty payment before the show cause notice, in line with legal interpretations and precedents. The judgment ultimately upheld the Commissioner (Appeals)'s decision, relieving the Respondents of the interest and penalty liabilities. Case-Laws Central Excise Wed, 26 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123535