https://www.taxtmi.com/caselaws?id=203899 Interest was held payable on irregularly availed cenvat credit for the period it was actually utilised until reversal, and prior reversal before the show-cause notice did not wipe out that liability. Penalties under Section 11AC and equivalent provisions requiring suppression with intent to evade duty were not sustainable where the relevant facts had been disclosed in statutory returns and records, so suppression was not proved. A separate penalty for mere irregular availment of inadmissible cenvat credit simpliciter was nevertheless upheld on the facts. en-us Wed, 29 Sep 2010 00:00:00 +0530 Thu, 23 Feb 2012 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203899 Interest was held payable on irregularly availed cenvat credit for the period it was actually utilised until reversal, and prior reversal before the show-cause notice did not wipe out that liability. Penalties under Section 11AC and equivalent provisions requiring suppression with intent to evade duty were not sustainable where the relevant facts had been disclosed in statutory returns and records, so suppression was not proved. A separate penalty for mere irregular availment of inadmissible cenvat credit simpliciter was nevertheless upheld on the facts. Case-Laws Central Excise Wed, 29 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203899