https://www.taxtmi.com/caselaws?id=353891 Interest was upheld on Cenvat credit wrongly taken on capital goods in excess of the permissible 50 per cent, even though the excess credit was reversed when pointed out, because interest was treated as payable on wrongful availment. Penalty, however, was set aside as the excess credit arose soon after coal became liable to excise duty for the first time and the mistake was treated as inadvertent and unintentional. The result was that the interest demand was sustained, while the assessee obtained relief only from penalty. en-us Wed, 20 Dec 2017 00:00:00 +0530 Mon, 15 Jan 2018 07:41:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353891 Interest was upheld on Cenvat credit wrongly taken on capital goods in excess of the permissible 50 per cent, even though the excess credit was reversed when pointed out, because interest was treated as payable on wrongful availment. Penalty, however, was set aside as the excess credit arose soon after coal became liable to excise duty for the first time and the mistake was treated as inadvertent and unintentional. The result was that the interest demand was sustained, while the assessee obtained relief only from penalty. Case-Laws Central Excise Wed, 20 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353891