https://www.taxtmi.com/caselaws?id=359384 The appellant, a manufacturer of medicines, did not initially avail Cenvat credit and paid duty in cash, seeking a refund. The tribunal found the appellant entitled to the refund as the situation was revenue neutral. The tribunal rejected the Revenue's claim of excess refund and found no basis for imposing interest and penalty. A separate judgment upheld the demand for the wrongly availed refund but set aside interest and penalty. The third Member concluded that as the appellant rectified the mistake, resulting in a revenue-neutral outcome, no demand for the self-credit was warranted. Ultimately, the appeal was allowed, and the demand, interest, and penalty were set aside. en-us Mon, 23 Apr 2018 00:00:00 +0530 Fri, 12 Apr 2019 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359384 The appellant, a manufacturer of medicines, did not initially avail Cenvat credit and paid duty in cash, seeking a refund. The tribunal found the appellant entitled to the refund as the situation was revenue neutral. The tribunal rejected the Revenue's claim of excess refund and found no basis for imposing interest and penalty. A separate judgment upheld the demand for the wrongly availed refund but set aside interest and penalty. The third Member concluded that as the appellant rectified the mistake, resulting in a revenue-neutral outcome, no demand for the self-credit was warranted. Ultimately, the appeal was allowed, and the demand, interest, and penalty were set aside. Case-Laws Central Excise Mon, 23 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359384