https://www.taxtmi.com/caselaws?id=364540 The appellate tribunal upheld the lower authority's decision to disallow CENVAT credit, impose interest, and penalties on the appellant for erroneous credit availing. Despite the appellant's prompt corrections post-audit, penalties were maintained. The tribunal remanded the case for detailed verification and redetermination of ineligible credits, emphasizing the need for factual verification on certain invoices and insurance service tax credit eligibility. The appeal allowed for further scrutiny to ensure a fair assessment of credit eligibility and penalty imposition. en-us Tue, 24 Jul 2018 00:00:00 +0530 Wed, 01 Aug 2018 06:47:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364540 The appellate tribunal upheld the lower authority's decision to disallow CENVAT credit, impose interest, and penalties on the appellant for erroneous credit availing. Despite the appellant's prompt corrections post-audit, penalties were maintained. The tribunal remanded the case for detailed verification and redetermination of ineligible credits, emphasizing the need for factual verification on certain invoices and insurance service tax credit eligibility. The appeal allowed for further scrutiny to ensure a fair assessment of credit eligibility and penalty imposition. Case-Laws Central Excise Tue, 24 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364540