https://www.taxtmi.com/caselaws?id=234806 Extra Low Sulphur oil was treated as a substitute for excluded High Speed Diesel, not as a distinct eligible input, so Modvat credit was rightly denied. Once the credit was found inadmissible, interest became payable on the wrongly availed amount, and the demand for interest was sustained. Penalty was not maintainable because the show cause notice was issued beyond the normal limitation period and the record did not show suppression of facts or wilful misstatement, so deletion of penalty was upheld. en-us Mon, 13 May 2013 00:00:00 +0530 Tue, 29 Oct 2013 15:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234806 Extra Low Sulphur oil was treated as a substitute for excluded High Speed Diesel, not as a distinct eligible input, so Modvat credit was rightly denied. Once the credit was found inadmissible, interest became payable on the wrongly availed amount, and the demand for interest was sustained. Penalty was not maintainable because the show cause notice was issued beyond the normal limitation period and the record did not show suppression of facts or wilful misstatement, so deletion of penalty was upheld. Case-Laws Central Excise Mon, 13 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234806