https://www.taxtmi.com/caselaws?id=358994 Where accumulated Cenvat credit on common input services is reversed before utilisation, no interest liability arises because the credit is only availed and not actually used. The note applies the principle that reversal of excess credit before consumption negates interest, and non-utilisation of the balance credit does not by itself attract penalty. On that basis, the stated conclusion is that interest and penalty were not payable and the demand was set aside. en-us Thu, 21 Dec 2017 00:00:00 +0530 Mon, 23 Apr 2018 07:06:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358994 Where accumulated Cenvat credit on common input services is reversed before utilisation, no interest liability arises because the credit is only availed and not actually used. The note applies the principle that reversal of excess credit before consumption negates interest, and non-utilisation of the balance credit does not by itself attract penalty. On that basis, the stated conclusion is that interest and penalty were not payable and the demand was set aside. Case-Laws Service Tax Thu, 21 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358994