https://www.taxtmi.com/forum/issue?id=109965 M/s F S Engineers v. CCE (CESTAT Ahmedabad, 2013) held that utilisation of cenvat credit recorded in statutory books does not constitute non payment of duty; revenue loss is limited to interest for the period between credit utilisation and cash payment, and penalty under Rule 25 is not attracted, a formulation summarized in the forum as "Non-imposition of penalty is no revenue loss." en-us Wed, 02 Mar 2016 08:13:12 +0530 Thu, 23 Jan 2025 15:56:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109965 M/s F S Engineers v. CCE (CESTAT Ahmedabad, 2013) held that utilisation of cenvat credit recorded in statutory books does not constitute non payment of duty; revenue loss is limited to interest for the period between credit utilisation and cash payment, and penalty under Rule 25 is not attracted, a formulation summarized in the forum as "Non-imposition of penalty is no revenue loss." Discussion-Forum Service Tax Wed, 02 Mar 2016 08:13:12 +0530 https://www.taxtmi.com/forum/issue?id=109965