https://www.taxtmi.com/caselaws?id=265863 The Tribunal ruled in favor of the appellant, holding that interest should only be paid on the amount actually utilized and no penalty should be imposed. The appellant had reversed the Cenvat credit before the show cause notice, and the Tribunal found the appellant entitled to take Cenvat credit on input services. The decision emphasized adherence to legal precedents and interpretations in determining liabilities, ultimately disposing of the appeal without penalty. en-us Tue, 28 Apr 2015 00:00:00 +0530 Fri, 16 Oct 2015 20:49:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265863 The Tribunal ruled in favor of the appellant, holding that interest should only be paid on the amount actually utilized and no penalty should be imposed. The appellant had reversed the Cenvat credit before the show cause notice, and the Tribunal found the appellant entitled to take Cenvat credit on input services. The decision emphasized adherence to legal precedents and interpretations in determining liabilities, ultimately disposing of the appeal without penalty. Case-Laws Central Excise Tue, 28 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265863