https://www.taxtmi.com/caselaws?id=266391 The Tribunal ruled that interest was payable on the reversed Cenvat credit amount from the date of clearance till the date of payment, citing Rule 3(4) of the Cenvat Credit Rules, 2002. However, the penalty under Section 11AC was set aside as the necessary elements for imposing it were deemed absent. The appellant was directed to pay the interest but was relieved of the penalty obligation, resulting in the disposal of the appeal accordingly. en-us Fri, 13 Feb 2015 00:00:00 +0530 Mon, 19 Oct 2015 20:38:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266391 The Tribunal ruled that interest was payable on the reversed Cenvat credit amount from the date of clearance till the date of payment, citing Rule 3(4) of the Cenvat Credit Rules, 2002. However, the penalty under Section 11AC was set aside as the necessary elements for imposing it were deemed absent. The appellant was directed to pay the interest but was relieved of the penalty obligation, resulting in the disposal of the appeal accordingly. Case-Laws Central Excise Fri, 13 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266391