https://www.taxtmi.com/caselaws?id=187647 The Tribunal ruled in favor of the appellant, setting aside the interest recovery and penalty imposition under the CENVAT Credit Rules. It held that interest liability does not apply when credit remains unutilized due to genuine reasons, such as delayed production affecting duty payment. The decision emphasized the compensatory nature of interest and distinguished between erroneous credit usage and inadvertent non-utilization, citing relevant case laws and circulars to support the appellant's position. en-us Tue, 15 Sep 2015 00:00:00 +0530 Mon, 06 Feb 2017 12:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187647 The Tribunal ruled in favor of the appellant, setting aside the interest recovery and penalty imposition under the CENVAT Credit Rules. It held that interest liability does not apply when credit remains unutilized due to genuine reasons, such as delayed production affecting duty payment. The decision emphasized the compensatory nature of interest and distinguished between erroneous credit usage and inadvertent non-utilization, citing relevant case laws and circulars to support the appellant's position. Case-Laws Central Excise Tue, 15 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187647