https://www.taxtmi.com/caselaws?id=271514 The Tribunal ruled in favor of the appellant, M/s. TNT (I) Pvt. Ltd., stating that the recovery of interest and penalty under Rule 14 and Rule 15 of CENVAT Credit Rules, 2004 was unwarranted. The decision highlighted the absence of malafide intent or revenue loss, leading to the conclusion that Rule 14 was not strictly applicable due to the technical flaw in the excess payment and subsequent CENVAT credit. The Tribunal emphasized the appellant's timely actions and lack of clear evidence of wrongful credit utilization, ultimately allowing the appeal. en-us Wed, 02 Dec 2015 00:00:00 +0530 Tue, 23 Aug 2016 16:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271514 The Tribunal ruled in favor of the appellant, M/s. TNT (I) Pvt. Ltd., stating that the recovery of interest and penalty under Rule 14 and Rule 15 of CENVAT Credit Rules, 2004 was unwarranted. The decision highlighted the absence of malafide intent or revenue loss, leading to the conclusion that Rule 14 was not strictly applicable due to the technical flaw in the excess payment and subsequent CENVAT credit. The Tribunal emphasized the appellant's timely actions and lack of clear evidence of wrongful credit utilization, ultimately allowing the appeal. Case-Laws Service Tax Wed, 02 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271514