https://www.taxtmi.com/caselaws?id=123708 Wrongful availment of Cenvat credit, without its utilisation and followed by reversal after the adjudication order, did not justify penal consequences or interest. The Tribunal applied the principle that mere availment, in the absence of use of the credit and with subsequent reversal, is insufficient to sustain liability. Penalty and interest were therefore held not sustainable and were set aside in favour of the assessee. en-us Thu, 29 May 2008 00:00:00 +0530 Wed, 06 Sep 2017 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123708 Wrongful availment of Cenvat credit, without its utilisation and followed by reversal after the adjudication order, did not justify penal consequences or interest. The Tribunal applied the principle that mere availment, in the absence of use of the credit and with subsequent reversal, is insufficient to sustain liability. Penalty and interest were therefore held not sustainable and were set aside in favour of the assessee. Case-Laws Central Excise Thu, 29 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123708