https://www.taxtmi.com/caselaws?id=341833 The appeal was disposed of with findings in favor of the appellant on the issue of interest liability, as interest was deemed not payable since the unutilized credit was reversed. However, the penalty imposition was upheld due to the appellant's ineligibility for the credit, resulting in a penalty of 25% of the duty amount. The Tribunal considered the appellant's payment of the Cenvat credit before adjudication, leading to the adjustment of the penalty amount in accordance with the proviso to Section 11AC of the Act. en-us Thu, 01 Dec 2016 00:00:00 +0530 Thu, 13 Apr 2017 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341833 The appeal was disposed of with findings in favor of the appellant on the issue of interest liability, as interest was deemed not payable since the unutilized credit was reversed. However, the penalty imposition was upheld due to the appellant's ineligibility for the credit, resulting in a penalty of 25% of the duty amount. The Tribunal considered the appellant's payment of the Cenvat credit before adjudication, leading to the adjustment of the penalty amount in accordance with the proviso to Section 11AC of the Act. Case-Laws Service Tax Thu, 01 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341833