https://www.taxtmi.com/caselaws?id=350217 The Tribunal allowed the appeal, setting aside the order imposing interest and penalty on irregularly availed CENVAT credit for 'Construction Service and Renting Service.' Relying on precedents, the Tribunal held that reversing the credit before utilization exempts the assessee from interest and penalty liabilities. The judgment was delivered on 6th October 2017 by Shri S.S. Garg, Judicial Member of the Appellate Tribunal CESTAT Bangalore. en-us Fri, 06 Oct 2017 00:00:00 +0530 Thu, 02 Nov 2017 07:49:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350217 The Tribunal allowed the appeal, setting aside the order imposing interest and penalty on irregularly availed CENVAT credit for 'Construction Service and Renting Service.' Relying on precedents, the Tribunal held that reversing the credit before utilization exempts the assessee from interest and penalty liabilities. The judgment was delivered on 6th October 2017 by Shri S.S. Garg, Judicial Member of the Appellate Tribunal CESTAT Bangalore. Case-Laws Service Tax Fri, 06 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350217