https://www.taxtmi.com/caselaws?id=359551 The Tribunal found in favor of the Revenue in part, remanding the case to determine the interest payable for upfront credit on capital goods. The penalty imposed under Rule 15(3) of the CENVAT Credit Rules was set aside based on a Gujarat High Court judgment. The case was remanded for calculating the interest amount, resolving both the Revenue's appeal and the respondent's cross-objection. en-us Thu, 08 Feb 2018 00:00:00 +0530 Mon, 04 Mar 2019 11:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359551 The Tribunal found in favor of the Revenue in part, remanding the case to determine the interest payable for upfront credit on capital goods. The penalty imposed under Rule 15(3) of the CENVAT Credit Rules was set aside based on a Gujarat High Court judgment. The case was remanded for calculating the interest amount, resolving both the Revenue's appeal and the respondent's cross-objection. Case-Laws Service Tax Thu, 08 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359551