https://www.taxtmi.com/caselaws?id=243678 The Tribunal allowed the appeal in part, ruling that no penalty was justified against the Appellant. It clarified that interest is applicable when credit is erroneously taken or utilized, as per Section 11AB, citing the Supreme Court's interpretation in UOI Vs. Ind -Swift Laboratories Ltd. The judgment emphasized adherence to the Court's interpretation in such matters, focusing on the recovery of credit along with interest under Rule 14 of the Cenvat Credit Rules, 2004. en-us Tue, 17 Dec 2013 00:00:00 +0530 Thu, 23 Feb 2017 15:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243678 The Tribunal allowed the appeal in part, ruling that no penalty was justified against the Appellant. It clarified that interest is applicable when credit is erroneously taken or utilized, as per Section 11AB, citing the Supreme Court's interpretation in UOI Vs. Ind -Swift Laboratories Ltd. The judgment emphasized adherence to the Court's interpretation in such matters, focusing on the recovery of credit along with interest under Rule 14 of the Cenvat Credit Rules, 2004. Case-Laws Central Excise Tue, 17 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243678