https://www.taxtmi.com/caselaws?id=360218 The Tribunal held the appellant liable for interest but reduced the penalty under Section 78 of the Act for utilizing Cenvat credit from one unit's account for payment of Service Tax by another unit. Penalties imposed under Sections 76 & 78 of the Finance Act, 1994 were addressed, with the penalty under Section 76 set aside and the appellant held liable under Section 78. The penalty amount was reduced to 50% of the irregularly availed Cenvat credit. The Tribunal found that the show cause proceedings were not time-barred and disposed of the appeal accordingly. en-us Tue, 10 Apr 2018 00:00:00 +0530 Sat, 12 May 2018 08:43:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360218 The Tribunal held the appellant liable for interest but reduced the penalty under Section 78 of the Act for utilizing Cenvat credit from one unit's account for payment of Service Tax by another unit. Penalties imposed under Sections 76 & 78 of the Finance Act, 1994 were addressed, with the penalty under Section 76 set aside and the appellant held liable under Section 78. The penalty amount was reduced to 50% of the irregularly availed Cenvat credit. The Tribunal found that the show cause proceedings were not time-barred and disposed of the appeal accordingly. Case-Laws Service Tax Tue, 10 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360218