https://www.taxtmi.com/caselaws?id=243900 The Tribunal ruled in favor of the appellant, finding that the reversal of the wrongly availed CENVAT credit on input services used for trading of goods was prompt and in line with legal precedents. The Tribunal held that penalties and interest could not be imposed due to the limitation period expiring after the credit reversal in 2008. Consequently, the Tribunal set aside the order, allowing the appeal and providing relief to the appellant. en-us Tue, 26 Nov 2013 00:00:00 +0530 Thu, 13 Feb 2014 06:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243900 The Tribunal ruled in favor of the appellant, finding that the reversal of the wrongly availed CENVAT credit on input services used for trading of goods was prompt and in line with legal precedents. The Tribunal held that penalties and interest could not be imposed due to the limitation period expiring after the credit reversal in 2008. Consequently, the Tribunal set aside the order, allowing the appeal and providing relief to the appellant. Case-Laws Central Excise Tue, 26 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243900