https://www.taxtmi.com/caselaws?id=362935 The Tribunal ruled in favor of the appellant, holding that they were not liable to pay interest or penalty for wrongly availing CENVAT credit that was subsequently reversed and not utilized. The decision emphasized the distinction between availing credit and its utilization, citing legal precedents to support the appellant's position. The impugned order was set aside, and the appeal was allowed with any consequential relief, highlighting the significance of legal precedents in interpreting tax laws and clarifying the consequences of erroneous credit availment without utilization. en-us Fri, 13 Apr 2018 00:00:00 +0530 Thu, 05 Jul 2018 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362935 The Tribunal ruled in favor of the appellant, holding that they were not liable to pay interest or penalty for wrongly availing CENVAT credit that was subsequently reversed and not utilized. The decision emphasized the distinction between availing credit and its utilization, citing legal precedents to support the appellant's position. The impugned order was set aside, and the appeal was allowed with any consequential relief, highlighting the significance of legal precedents in interpreting tax laws and clarifying the consequences of erroneous credit availment without utilization. Case-Laws Central Excise Fri, 13 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362935