https://www.taxtmi.com/caselaws?id=235864 The appeal challenged the imposition of interest and penalty on the appellant for wrongly availing cenvat credit on service tax paid to foreign agents. The Tribunal found the appellant's actions correct as they paid and reversed the credit before refund approval, acting diligently. The demand for interest was set aside. The penalty was reduced from Rs. 2000 to Rs. 1000, with violations related to cenvat credit on service tax paid to foreign agents resolved in favor of the appellant. However, the penalty for wrong availment of cenvat credit on insufficient documents was partially upheld. en-us Thu, 30 May 2013 00:00:00 +0530 Wed, 08 Jan 2014 15:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235864 The appeal challenged the imposition of interest and penalty on the appellant for wrongly availing cenvat credit on service tax paid to foreign agents. The Tribunal found the appellant's actions correct as they paid and reversed the credit before refund approval, acting diligently. The demand for interest was set aside. The penalty was reduced from Rs. 2000 to Rs. 1000, with violations related to cenvat credit on service tax paid to foreign agents resolved in favor of the appellant. However, the penalty for wrong availment of cenvat credit on insufficient documents was partially upheld. Case-Laws Service Tax Thu, 30 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235864