https://www.taxtmi.com/caselaws?id=240656 The Tribunal upheld the recovery of interest amounting to Rs. 1,19,083.00 against the Appellant for irregularly availing Cenvat credit without paying Service Tax to the service provider. The Appellant's argument that they became eligible for credit after paying Service Tax was rejected, with the Tribunal citing Rule 4(7) of the Cenvat Credit Rules to justify interest imposition. While the penalty was set aside due to the Appellant's subsequent payment of Service Tax, the Tribunal affirmed interest recovery from the date of credit availment until the Service Tax payment, in line with established legal precedents. en-us Tue, 15 Nov 2011 00:00:00 +0530 Mon, 09 Dec 2013 06:29:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240656 The Tribunal upheld the recovery of interest amounting to Rs. 1,19,083.00 against the Appellant for irregularly availing Cenvat credit without paying Service Tax to the service provider. The Appellant's argument that they became eligible for credit after paying Service Tax was rejected, with the Tribunal citing Rule 4(7) of the Cenvat Credit Rules to justify interest imposition. While the penalty was set aside due to the Appellant's subsequent payment of Service Tax, the Tribunal affirmed interest recovery from the date of credit availment until the Service Tax payment, in line with established legal precedents. Case-Laws Service Tax Tue, 15 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240656