https://www.taxtmi.com/caselaws?id=365006 The Tribunal allowed the appeal, setting aside the interest and penalty demands on wrongly availed Cenvat Credit due to the lack of fraudulent intent by the appellants. The immediate reversal of credit, non-utilization, and sufficient account balance indicated compliance and negated penalty imposition. The decision was in line with legal precedents, emphasizing the absence of malafide intent and the appellants' prompt corrective actions. en-us Wed, 08 Aug 2018 00:00:00 +0530 Mon, 20 Aug 2018 18:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365006 The Tribunal allowed the appeal, setting aside the interest and penalty demands on wrongly availed Cenvat Credit due to the lack of fraudulent intent by the appellants. The immediate reversal of credit, non-utilization, and sufficient account balance indicated compliance and negated penalty imposition. The decision was in line with legal precedents, emphasizing the absence of malafide intent and the appellants' prompt corrective actions. Case-Laws Central Excise Wed, 08 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365006