https://www.taxtmi.com/caselaws?id=352675 The Tribunal allowed the appeal, ruling in favor of the appellant, and set aside the demand for interest and penalty under the Central Excise Act and CENVAT Credit Rules. The Tribunal held that since the appellant had voluntarily reversed a significant portion of the credit and had not utilized it, they were not liable to pay interest and penalty. The decision was based on the interpretation of relevant legal provisions and judicial precedents, leading to a favorable outcome for the appellant in the case. en-us Tue, 14 Nov 2017 00:00:00 +0530 Wed, 20 Dec 2017 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352675 The Tribunal allowed the appeal, ruling in favor of the appellant, and set aside the demand for interest and penalty under the Central Excise Act and CENVAT Credit Rules. The Tribunal held that since the appellant had voluntarily reversed a significant portion of the credit and had not utilized it, they were not liable to pay interest and penalty. The decision was based on the interpretation of relevant legal provisions and judicial precedents, leading to a favorable outcome for the appellant in the case. Case-Laws Central Excise Tue, 14 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352675