https://www.taxtmi.com/caselaws?id=217468 The Tribunal allowed the appeal, setting aside lower authorities' orders. It held that interest on tax initially paid through credit and later in cash was not applicable as the tax was paid properly during the relevant period. The Tribunal emphasized that interest is only payable when tax is not paid on time. The penalty imposition under section 76 of the Finance Act, 1994 was not addressed extensively as the primary focus was on the interest demand and the validity of tax payment through Cenvat credit. en-us Tue, 15 May 2012 00:00:00 +0530 Sat, 06 Oct 2012 17:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217468 The Tribunal allowed the appeal, setting aside lower authorities' orders. It held that interest on tax initially paid through credit and later in cash was not applicable as the tax was paid properly during the relevant period. The Tribunal emphasized that interest is only payable when tax is not paid on time. The penalty imposition under section 76 of the Finance Act, 1994 was not addressed extensively as the primary focus was on the interest demand and the validity of tax payment through Cenvat credit. Case-Laws Service Tax Tue, 15 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217468