https://www.taxtmi.com/caselaws?id=353010 The Tribunal held that the appellant's availing of Cenvat credit was not wrongful due to the amalgamation of companies and unutilized credit, setting aside the penalty under Section 11AC. It determined that interest on the credit was chargeable only up to 31-3-2012, as per Rule 14, with no interest applicable post that date if the credit remained unutilized. The decision was based on legal interpretations and amendments, leading to the partial allowance of the appeal with specific terms outlined for penalty and interest liabilities. en-us Fri, 17 Nov 2017 00:00:00 +0530 Tue, 26 Dec 2017 08:47:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353010 The Tribunal held that the appellant's availing of Cenvat credit was not wrongful due to the amalgamation of companies and unutilized credit, setting aside the penalty under Section 11AC. It determined that interest on the credit was chargeable only up to 31-3-2012, as per Rule 14, with no interest applicable post that date if the credit remained unutilized. The decision was based on legal interpretations and amendments, leading to the partial allowance of the appeal with specific terms outlined for penalty and interest liabilities. Case-Laws Central Excise Fri, 17 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353010