https://www.taxtmi.com/caselaws?id=357956 The Tribunal remanded the case involving the reversal of wrongly availed cenvat credit amounting to Rs. 71,41,940 back to the adjudicating authority for a fresh decision. The appellant argued against the imposition of interest and penalty, contending voluntary reversal without demand. The Revenue asserted interest was payable under Sec. 11A(2B) of CEA, 1944. The Tribunal set aside the initial order, emphasizing the need for a proper determination based on established legal principles and providing the appellant with a hearing opportunity. en-us Tue, 27 Mar 2018 00:00:00 +0530 Tue, 03 Apr 2018 06:56:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357956 The Tribunal remanded the case involving the reversal of wrongly availed cenvat credit amounting to Rs. 71,41,940 back to the adjudicating authority for a fresh decision. The appellant argued against the imposition of interest and penalty, contending voluntary reversal without demand. The Revenue asserted interest was payable under Sec. 11A(2B) of CEA, 1944. The Tribunal set aside the initial order, emphasizing the need for a proper determination based on established legal principles and providing the appellant with a hearing opportunity. Case-Laws Central Excise Tue, 27 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357956