https://www.taxtmi.com/caselaws?id=251995 The judge ruled in favor of the appellant in an appeal concerning incorrect availment of Cenvat Credit on capital goods. The appellant had mistakenly taken full credit instead of the eligible 50% in the first financial year. While the judge agreed on the need for interest repayment, they deemed penalties unnecessary due to the inadvertent error. The decision emphasized the importance of correct credit timing and justified penalties, ultimately validating the appellant's credit availment and setting aside imposed penalties. en-us Fri, 30 May 2014 00:00:00 +0530 Fri, 21 Nov 2014 18:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251995 The judge ruled in favor of the appellant in an appeal concerning incorrect availment of Cenvat Credit on capital goods. The appellant had mistakenly taken full credit instead of the eligible 50% in the first financial year. While the judge agreed on the need for interest repayment, they deemed penalties unnecessary due to the inadvertent error. The decision emphasized the importance of correct credit timing and justified penalties, ultimately validating the appellant's credit availment and setting aside imposed penalties. Case-Laws Central Excise Fri, 30 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251995