https://www.taxtmi.com/caselaws?id=151899 Wrongly taken Cenvat credit on photocopies of invoices, which was not utilised and was later reversed voluntarily, did not justify interest or penalty. The assessee's statement that the credit remained unutilised was not contradicted, and the finding of no suppression or mala fide intention to evade duty prevented invocation of penal consequences under Rule 13(2) of the Cenvat Credit Rules, 2002 read with Section 11AC of the Central Excise Act, 1944. On those facts, interest on the unutilised credit was not payable and the penalty was unsustainable. en-us Thu, 14 May 2009 00:00:00 +0530 Wed, 19 Jun 2013 12:54:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151899 Wrongly taken Cenvat credit on photocopies of invoices, which was not utilised and was later reversed voluntarily, did not justify interest or penalty. The assessee's statement that the credit remained unutilised was not contradicted, and the finding of no suppression or mala fide intention to evade duty prevented invocation of penal consequences under Rule 13(2) of the Cenvat Credit Rules, 2002 read with Section 11AC of the Central Excise Act, 1944. On those facts, interest on the unutilised credit was not payable and the penalty was unsustainable. Case-Laws Central Excise Thu, 14 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151899