https://www.taxtmi.com/caselaws?id=355482 The appeal was filed against the disallowance of credit wrongly availed, confirmation of the interest demand, and imposition of penalty. The Tribunal held that interest on wrongly availed credit is leviable regardless of utilization, citing legal precedents. The penalty under Section 11AC was set aside due to the appellant's proactive actions and lack of significant amounts or mala fides. The appeal was partly allowed in favor of the appellant. en-us Fri, 29 Dec 2017 00:00:00 +0530 Thu, 15 Feb 2018 09:19:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355482 The appeal was filed against the disallowance of credit wrongly availed, confirmation of the interest demand, and imposition of penalty. The Tribunal held that interest on wrongly availed credit is leviable regardless of utilization, citing legal precedents. The penalty under Section 11AC was set aside due to the appellant's proactive actions and lack of significant amounts or mala fides. The appeal was partly allowed in favor of the appellant. Case-Laws Central Excise Fri, 29 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355482