https://www.taxtmi.com/caselaws?id=360305 The Tribunal ruled in favor of the appellant, setting aside the order imposing interest and penalty for availing cenvat credit on inputs used for non-manufacturing purposes. Citing legal principles and judgments, the Tribunal held that since the appellant voluntarily reversed the cenvat credit, interest should not be charged. Additionally, the penalty imposed under Rule 15 of the Cenvat Credit Rules, 2004, was deemed unwarranted as the appellant rectified the issue independently. The appeal was allowed, and the impugned order was set aside in part, with the judgment issued on 25.04.2018. en-us Wed, 25 Apr 2018 00:00:00 +0530 Tue, 15 May 2018 07:12:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360305 The Tribunal ruled in favor of the appellant, setting aside the order imposing interest and penalty for availing cenvat credit on inputs used for non-manufacturing purposes. Citing legal principles and judgments, the Tribunal held that since the appellant voluntarily reversed the cenvat credit, interest should not be charged. Additionally, the penalty imposed under Rule 15 of the Cenvat Credit Rules, 2004, was deemed unwarranted as the appellant rectified the issue independently. The appeal was allowed, and the impugned order was set aside in part, with the judgment issued on 25.04.2018. Case-Laws Central Excise Wed, 25 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360305