https://www.taxtmi.com/caselaws?id=362655 The Tribunal allowed the appeal, setting aside the order due to the absence of interest liability and unsustainable penalty imposition concerning the recovery of wrongly availed CENVAT credit. The Tribunal emphasized that interest liability is governed by rule 14 of CENVAT Credit Rules, and as the credit was reversed, interest liability under section 11AA does not arise. Additionally, the Tribunal found that the show cause notice lacked specific elements required for penalty imposition under section 11AC, making the penalty unsustainable. en-us Thu, 12 Apr 2018 00:00:00 +0530 Sat, 30 Jun 2018 08:38:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362655 The Tribunal allowed the appeal, setting aside the order due to the absence of interest liability and unsustainable penalty imposition concerning the recovery of wrongly availed CENVAT credit. The Tribunal emphasized that interest liability is governed by rule 14 of CENVAT Credit Rules, and as the credit was reversed, interest liability under section 11AA does not arise. Additionally, the Tribunal found that the show cause notice lacked specific elements required for penalty imposition under section 11AC, making the penalty unsustainable. Case-Laws Central Excise Thu, 12 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362655