https://www.taxtmi.com/caselaws?id=351590 The Tribunal ruled in favor of the appellant, setting aside the order confirming the irregularly availed Cenvat Credit and penalty imposition. It emphasized that since the credit was reversed and not utilized for duty payment, interest and penalty were not justified. The judgment highlighted the necessity of actual credit utilization for duty payment and clarified that recovery provisions apply to wrongly taken or utilized credits, not merely availed ones. en-us Mon, 13 Nov 2017 00:00:00 +0530 Tue, 28 Nov 2017 07:38:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351590 The Tribunal ruled in favor of the appellant, setting aside the order confirming the irregularly availed Cenvat Credit and penalty imposition. It emphasized that since the credit was reversed and not utilized for duty payment, interest and penalty were not justified. The judgment highlighted the necessity of actual credit utilization for duty payment and clarified that recovery provisions apply to wrongly taken or utilized credits, not merely availed ones. Case-Laws Central Excise Mon, 13 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351590