https://www.taxtmi.com/caselaws?id=328016 The Appellant's Appeal against the disallowance of Cenvat Credit, interest on improperly taken credit, and imposition of penalty was dismissed. The Appellant had taken excess credit on Ingot Moulds, contrary to Cenvat Credit Rules, and only reversed it upon departmental notice. The Appellant was held liable to pay interest on the improperly utilized amount and a penalty of Rs. 2,000 was imposed. The dismissal of the Appeal was based on these findings, and the decision was pronounced by the Member (Technical) of the Appellate Tribunal CESTAT Kolkata. en-us Tue, 03 May 2016 00:00:00 +0530 Tue, 24 May 2016 10:35:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328016 The Appellant's Appeal against the disallowance of Cenvat Credit, interest on improperly taken credit, and imposition of penalty was dismissed. The Appellant had taken excess credit on Ingot Moulds, contrary to Cenvat Credit Rules, and only reversed it upon departmental notice. The Appellant was held liable to pay interest on the improperly utilized amount and a penalty of Rs. 2,000 was imposed. The dismissal of the Appeal was based on these findings, and the decision was pronounced by the Member (Technical) of the Appellate Tribunal CESTAT Kolkata. Case-Laws Central Excise Tue, 03 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328016