https://www.taxtmi.com/caselaws?id=202055 Penalty on inadmissible Cenvat credit may not survive where the assessee reverses the credit on detection, as the penal consequence under Rule 13 is not justified on those facts. Interest remains payable where the inadmissible credit was actually taken and utilised for a period, because utilisation triggers the interest liability notwithstanding later reversal. The assessee therefore obtained relief on penalty, but not on interest. en-us Wed, 12 May 2010 00:00:00 +0530 Tue, 22 Feb 2011 11:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202055 Penalty on inadmissible Cenvat credit may not survive where the assessee reverses the credit on detection, as the penal consequence under Rule 13 is not justified on those facts. Interest remains payable where the inadmissible credit was actually taken and utilised for a period, because utilisation triggers the interest liability notwithstanding later reversal. The assessee therefore obtained relief on penalty, but not on interest. Case-Laws Central Excise Wed, 12 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202055