https://www.taxtmi.com/caselaws?id=354716 The Tribunal partly allowed the appeal, upholding the interest liability but dropping the penalty under the Cenvat Credit Rules, 2004. The appellant voluntarily reversed the credit before the show cause notice, leading to the rejection of penalty for lack of tax evasion intent. The Tribunal distinguished between High Court judgments, following the Bombay High Court's decision on interest liability. The decision was rendered on January 31, 2018. en-us Wed, 31 Jan 2018 00:00:00 +0530 Sat, 24 Feb 2018 18:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354716 The Tribunal partly allowed the appeal, upholding the interest liability but dropping the penalty under the Cenvat Credit Rules, 2004. The appellant voluntarily reversed the credit before the show cause notice, leading to the rejection of penalty for lack of tax evasion intent. The Tribunal distinguished between High Court judgments, following the Bombay High Court's decision on interest liability. The decision was rendered on January 31, 2018. Case-Laws Central Excise Wed, 31 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354716