https://www.taxtmi.com/caselaws?id=4277 Cenvat credit on imported goods sold as such was held not to be recoverable again where duty had already been paid on clearance, because that payment operated as reversal of the earlier credit and the corresponding demand, interest and penalty on that count were unsustainable. Credit on inputs sent to job work was required to be reversed where the goods were not received back within 180 days, and the linked interest was sustainable only to that extent. Penalty could not survive on the portion where the principal demand failed. The commentary therefore supports only a limited reversal and interest for the job-work default. en-us Mon, 17 Dec 2007 00:00:00 +0530 Sun, 14 Sep 2008 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4277 Cenvat credit on imported goods sold as such was held not to be recoverable again where duty had already been paid on clearance, because that payment operated as reversal of the earlier credit and the corresponding demand, interest and penalty on that count were unsustainable. Credit on inputs sent to job work was required to be reversed where the goods were not received back within 180 days, and the linked interest was sustainable only to that extent. Penalty could not survive on the portion where the principal demand failed. The commentary therefore supports only a limited reversal and interest for the job-work default. Case-Laws Central Excise Mon, 17 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4277