https://www.taxtmi.com/caselaws?id=266274 Wrongly availed Cenvat credit was reversed on the assessee's own intimation before utilisation and before issuance of the show-cause notice, and the reversal was not disputed. On that factual basis, mere availment of credit did not by itself justify interest when the credit had not been used for payment of duty. As the extended limitation basis for the duty demand did not survive, the related penalty also could not be sustained. Interest and penalty were therefore not leviable. en-us Fri, 15 May 2015 00:00:00 +0530 Wed, 12 Apr 2017 15:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266274 Wrongly availed Cenvat credit was reversed on the assessee's own intimation before utilisation and before issuance of the show-cause notice, and the reversal was not disputed. On that factual basis, mere availment of credit did not by itself justify interest when the credit had not been used for payment of duty. As the extended limitation basis for the duty demand did not survive, the related penalty also could not be sustained. Interest and penalty were therefore not leviable. Case-Laws Central Excise Fri, 15 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266274