https://www.taxtmi.com/caselaws?id=344357 Wrongly taken Cenvat credit reversed before utilisation is treated as not having been availed, so the conditions for interest recovery on wrongly availed or utilised credit are not met. The interest demand is therefore unsustainable. Penalty for contravention of the applicable rules may nevertheless be sustained where the recorded facts justify it. The appeal succeeds only to the extent of deleting the interest demand, while the penalty remains payable. en-us Fri, 09 Jun 2017 00:00:00 +0530 Fri, 22 Sep 2017 18:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344357 Wrongly taken Cenvat credit reversed before utilisation is treated as not having been availed, so the conditions for interest recovery on wrongly availed or utilised credit are not met. The interest demand is therefore unsustainable. Penalty for contravention of the applicable rules may nevertheless be sustained where the recorded facts justify it. The appeal succeeds only to the extent of deleting the interest demand, while the penalty remains payable. Case-Laws Central Excise Fri, 09 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344357