https://www.taxtmi.com/caselaws?id=250350 The appellant's appeal was allowed in part, with penalties set aside due to the voluntary reversal of the disallowed Cenvat Credit and non-applicability under the Finance Act 1994. The interest on the irregularly taken Cenvat Credit was upheld based on legal precedents. The appellant's absence during hearings and lack of reasons for credit admissibility were noted. The First Appellate Authority upheld the disallowance of most credit but set aside penalties. The appeal outcome was favorable regarding penalties but confirmed interest on the reversed credit. en-us Fri, 09 May 2014 00:00:00 +0530 Sat, 09 Aug 2014 10:38:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250350 The appellant's appeal was allowed in part, with penalties set aside due to the voluntary reversal of the disallowed Cenvat Credit and non-applicability under the Finance Act 1994. The interest on the irregularly taken Cenvat Credit was upheld based on legal precedents. The appellant's absence during hearings and lack of reasons for credit admissibility were noted. The First Appellate Authority upheld the disallowance of most credit but set aside penalties. The appeal outcome was favorable regarding penalties but confirmed interest on the reversed credit. Case-Laws Service Tax Fri, 09 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250350