https://www.taxtmi.com/caselaws?id=345919 The appeal was filed by the Department against the Commissioner's order setting aside the interest and penalty imposed on irregularly availed cenvat credit by the manufacturers of paper and paper board. The Revenue contended that interest should be payable from the date of irregular availment, while the assessee argued that no interest is due if the credit is not utilized. Relying on previous judicial decisions, including the Hon'ble Karnataka High Court and Tribunal's rulings, the court upheld the order setting aside the interest and penalty, ruling in favor of the assessee and dismissing the Revenue's appeal. en-us Fri, 09 Jun 2017 00:00:00 +0530 Mon, 31 Jul 2017 08:13:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345919 The appeal was filed by the Department against the Commissioner's order setting aside the interest and penalty imposed on irregularly availed cenvat credit by the manufacturers of paper and paper board. The Revenue contended that interest should be payable from the date of irregular availment, while the assessee argued that no interest is due if the credit is not utilized. Relying on previous judicial decisions, including the Hon'ble Karnataka High Court and Tribunal's rulings, the court upheld the order setting aside the interest and penalty, ruling in favor of the assessee and dismissing the Revenue's appeal. Case-Laws Central Excise Fri, 09 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345919