https://www.taxtmi.com/caselaws?id=194273 The tribunal allowed the appeal in the case concerning the accumulation of CENVAT credit by M/s. BHEL. Despite inadvertent entries of credit without utilization, the tribunal found no prejudice to the exchequer and ruled that interest should not be levied unreasonably in such cases. Emphasizing the distinction between credit availed and utilized, the tribunal considered the difficulties faced by the appellant and exempted them from interest and penalty due to unutilized credit. The ruling favored the appellant, concluding that no interest or penalty should be imposed in the absence of prejudice to the exchequer. en-us Thu, 27 Nov 2014 00:00:00 +0530 Mon, 04 Sep 2017 08:58:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194273 The tribunal allowed the appeal in the case concerning the accumulation of CENVAT credit by M/s. BHEL. Despite inadvertent entries of credit without utilization, the tribunal found no prejudice to the exchequer and ruled that interest should not be levied unreasonably in such cases. Emphasizing the distinction between credit availed and utilized, the tribunal considered the difficulties faced by the appellant and exempted them from interest and penalty due to unutilized credit. The ruling favored the appellant, concluding that no interest or penalty should be imposed in the absence of prejudice to the exchequer. Case-Laws Central Excise Thu, 27 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194273