https://www.taxtmi.com/caselaws?id=340422 The Tribunal set aside the impugned order and allowed the appeal in favor of the appellant, who promptly reversed the erroneously availed credit without utilization. The decision aligned with precedents indicating that interest under Rule 14 of the Cenvat Credit Rules is not applicable when credit is promptly reversed. This ruling was influenced by previous High Court judgments and the TNT (India) Pvt. Ltd. case, granting consequential benefits to the appellant. en-us Mon, 23 Jan 2017 00:00:00 +0530 Tue, 21 Mar 2017 09:01:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340422 The Tribunal set aside the impugned order and allowed the appeal in favor of the appellant, who promptly reversed the erroneously availed credit without utilization. The decision aligned with precedents indicating that interest under Rule 14 of the Cenvat Credit Rules is not applicable when credit is promptly reversed. This ruling was influenced by previous High Court judgments and the TNT (India) Pvt. Ltd. case, granting consequential benefits to the appellant. Case-Laws Central Excise Mon, 23 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340422