https://www.taxtmi.com/caselaws?id=325528 The appellant, a public sector bank, was found to have irregularly availed cenvat credit between April 2009 and November 2009. The liability for interest on the wrongly claimed credit was confirmed. However, the penalty imposed under Rule 15(1) of the Cenvat Credit Rules was set aside due to the unintentional nature of the lapse. The case was remanded for further review regarding the cenvat credit amount. en-us Mon, 07 Dec 2015 00:00:00 +0530 Tue, 22 Mar 2016 00:53:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325528 The appellant, a public sector bank, was found to have irregularly availed cenvat credit between April 2009 and November 2009. The liability for interest on the wrongly claimed credit was confirmed. However, the penalty imposed under Rule 15(1) of the Cenvat Credit Rules was set aside due to the unintentional nature of the lapse. The case was remanded for further review regarding the cenvat credit amount. Case-Laws Service Tax Mon, 07 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325528