https://www.taxtmi.com/caselaws?id=363814 Interest and penalty under the CENVAT Credit Rules, 2004 were held not to be sustainable where the disputed credit was legally eligible and correctly availed. The Tribunal noted that the Commissioner had examined the credit eligibility within the scope of the show-cause notice and, relying on precedent on credit distribution and utilisation, accepted that the respondent was entitled to the credit. As the credit was found in order, the demand for interest and the proposal for penalty failed, and the order dropping the proceedings was upheld. en-us Fri, 01 Jun 2018 00:00:00 +0530 Thu, 19 Jul 2018 06:01:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363814 Interest and penalty under the CENVAT Credit Rules, 2004 were held not to be sustainable where the disputed credit was legally eligible and correctly availed. The Tribunal noted that the Commissioner had examined the credit eligibility within the scope of the show-cause notice and, relying on precedent on credit distribution and utilisation, accepted that the respondent was entitled to the credit. As the credit was found in order, the demand for interest and the proposal for penalty failed, and the order dropping the proceedings was upheld. Case-Laws Service Tax Fri, 01 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363814