https://www.taxtmi.com/caselaws?id=358994 Accumulated Cenvat credit on common input services, when reversed before utilisation, does not create interest liability merely because it was initially availed. Credit utilisation remained within the limit permitted under Rule 6(3)(c) of the Cenvat Credit Rules, while the unutilised excess balance was reversed. On this basis, neither interest nor penalty was 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 Accumulated Cenvat credit on common input services, when reversed before utilisation, does not create interest liability merely because it was initially availed. Credit utilisation remained within the limit permitted under Rule 6(3)(c) of the Cenvat Credit Rules, while the unutilised excess balance was reversed. On this basis, neither interest nor penalty was 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