https://www.taxtmi.com/caselaws?id=347318 Where Cenvat credit wrongly availed is reversed before utilisation, interest is not payable because reversal itself neutralises the credit before any use. On penalty, suppression of facts was not established, particularly where the interest issue had been subject to conflicting judicial views and the assessee was a public sector undertaking. The penalty was therefore not sustainable and was set aside. The assessee obtained full relief from both interest and penalty. en-us Mon, 10 Jul 2017 00:00:00 +0530 Sat, 02 Sep 2017 11:16:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347318 Where Cenvat credit wrongly availed is reversed before utilisation, interest is not payable because reversal itself neutralises the credit before any use. On penalty, suppression of facts was not established, particularly where the interest issue had been subject to conflicting judicial views and the assessee was a public sector undertaking. The penalty was therefore not sustainable and was set aside. The assessee obtained full relief from both interest and penalty. Case-Laws Central Excise Mon, 10 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347318