https://www.taxtmi.com/caselaws?id=331239 The tribunal upheld the show cause notice invoking the extended period of limitation as the appellant failed to provide a satisfactory explanation for not reversing the credit. The appellant was confirmed liable for the reversed AED amount. However, the tribunal ruled that no interest payment was required for the intervening period as the credit was not utilized. The penalty imposed was reduced to 25% of the inadmissible credit availed by the appellant, resulting in a reduced penalty amount of 25% of the duty involved. en-us Tue, 28 Jun 2016 00:00:00 +0530 Wed, 17 Aug 2016 11:48:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331239 The tribunal upheld the show cause notice invoking the extended period of limitation as the appellant failed to provide a satisfactory explanation for not reversing the credit. The appellant was confirmed liable for the reversed AED amount. However, the tribunal ruled that no interest payment was required for the intervening period as the credit was not utilized. The penalty imposed was reduced to 25% of the inadmissible credit availed by the appellant, resulting in a reduced penalty amount of 25% of the duty involved. Case-Laws Central Excise Tue, 28 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331239