https://www.taxtmi.com/caselaws?id=206923 The Appellate Tribunal CESTAT, Mumbai, condoned the delay in filing the appeal due to clearance requirements from the Committee of Disputes. The appellants were found to have availed inadmissible CENVAT credit on capital goods, leading to a demand for recovery of the excess credit with interest and penalty. Despite the appellants rectifying the excess credit upon detection, they failed to pay the interest. The Tribunal, acknowledging the absence of malafides, directed the appellants to pay interest and imposed a penalty of Rs. 5000 under Rule 15(1) of the CENVAT Credit Rules for the contravention. en-us Fri, 18 Mar 2011 00:00:00 +0530 Tue, 22 Nov 2011 17:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206923 The Appellate Tribunal CESTAT, Mumbai, condoned the delay in filing the appeal due to clearance requirements from the Committee of Disputes. The appellants were found to have availed inadmissible CENVAT credit on capital goods, leading to a demand for recovery of the excess credit with interest and penalty. Despite the appellants rectifying the excess credit upon detection, they failed to pay the interest. The Tribunal, acknowledging the absence of malafides, directed the appellants to pay interest and imposed a penalty of Rs. 5000 under Rule 15(1) of the CENVAT Credit Rules for the contravention. Case-Laws Service Tax Fri, 18 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206923