https://www.taxtmi.com/caselaws?id=356242 The Tribunal modified the order-in-appeal, excluding the penalty imposed on the appellant for wrongly availing Cenvat credit. The appellant had voluntarily reversed the credit and paid the interest before any departmental intervention, leading to the Tribunal deeming the penalty imposition as legally untenable. Despite the appellant not utilizing the erroneously availed credit, the Tribunal held that interest is payable, citing a previous case. As a result, the appeal was partly allowed, with the penalty being removed from the original order. en-us Wed, 29 Nov 2017 00:00:00 +0530 Wed, 28 Feb 2018 06:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356242 The Tribunal modified the order-in-appeal, excluding the penalty imposed on the appellant for wrongly availing Cenvat credit. The appellant had voluntarily reversed the credit and paid the interest before any departmental intervention, leading to the Tribunal deeming the penalty imposition as legally untenable. Despite the appellant not utilizing the erroneously availed credit, the Tribunal held that interest is payable, citing a previous case. As a result, the appeal was partly allowed, with the penalty being removed from the original order. Case-Laws Central Excise Wed, 29 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356242