https://www.taxtmi.com/caselaws?id=349584 The Tribunal upheld the interest demand of Rs. 76,77,017 under Rule 14 of CENVAT Credit Rules, 2003, against the appellant for availing ineligible CENVAT credit and utilizing it for service tax payments. However, the penalty was dropped due to regular filing of returns and lack of evidence of tax evasion. The Tribunal found the appellant's reliance on judicial precedents to avoid interest and penalty inapplicable in this case. en-us Tue, 18 Jul 2017 00:00:00 +0530 Wed, 15 Nov 2017 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349584 The Tribunal upheld the interest demand of Rs. 76,77,017 under Rule 14 of CENVAT Credit Rules, 2003, against the appellant for availing ineligible CENVAT credit and utilizing it for service tax payments. However, the penalty was dropped due to regular filing of returns and lack of evidence of tax evasion. The Tribunal found the appellant's reliance on judicial precedents to avoid interest and penalty inapplicable in this case. Case-Laws Central Excise Tue, 18 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349584