https://www.taxtmi.com/caselaws?id=347852 Wrongly availed Cenvat credit reversed before utilisation does not attract interest because the assessee gains no benefit and the Revenue suffers no loss on that account, so the interest demand was set aside. Credit taken without supporting documents, with none produced later, was treated as deliberate wrongful availment rather than a clerical lapse, so the statutory penalty was sustained. The result was partial relief to the assessee on interest, but the penalty component remained upheld. en-us Thu, 17 Aug 2017 00:00:00 +0530 Wed, 13 Sep 2017 07:51:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347852 Wrongly availed Cenvat credit reversed before utilisation does not attract interest because the assessee gains no benefit and the Revenue suffers no loss on that account, so the interest demand was set aside. Credit taken without supporting documents, with none produced later, was treated as deliberate wrongful availment rather than a clerical lapse, so the statutory penalty was sustained. The result was partial relief to the assessee on interest, but the penalty component remained upheld. Case-Laws Central Excise Thu, 17 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347852