https://www.taxtmi.com/caselaws?id=187968 Mere stock discrepancy based on approximate weighment and normal variation was held insufficient to establish clandestine removal; duty, penalty and confiscatory consequences founded on that allegation could not survive. Credit taken and promptly reversed, without evidence of mala fide intention, did not attract penalty for wrong availment. On interest, the governing principle stated was that no interest is payable where credit is reversed without utilisation, but interest remains payable to the extent any credit was actually used before reversal; the matter was therefore remanded for factual verification of utilisation. en-us Thu, 11 Feb 2016 00:00:00 +0530 Mon, 14 Nov 2016 12:01:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187968 Mere stock discrepancy based on approximate weighment and normal variation was held insufficient to establish clandestine removal; duty, penalty and confiscatory consequences founded on that allegation could not survive. Credit taken and promptly reversed, without evidence of mala fide intention, did not attract penalty for wrong availment. On interest, the governing principle stated was that no interest is payable where credit is reversed without utilisation, but interest remains payable to the extent any credit was actually used before reversal; the matter was therefore remanded for factual verification of utilisation. Case-Laws Central Excise Thu, 11 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187968