https://www.taxtmi.com/caselaws?id=365526 The Member (Technical) set aside the impugned order and allowed both appeals filed by the appellant, following a ruling by the Hon'ble Allahabad High Court. It was held that if Cenvat credit is reversed before utilization, no interest is payable, and if a show cause notice is issued after reversal, no penalty is imposed. The judgment emphasized the importance of reversing Cenvat credit before utilization to avoid interest and penalty payments, aligning with established legal principles. en-us Fri, 13 Jul 2018 00:00:00 +0530 Mon, 20 Aug 2018 06:19:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365526 The Member (Technical) set aside the impugned order and allowed both appeals filed by the appellant, following a ruling by the Hon'ble Allahabad High Court. It was held that if Cenvat credit is reversed before utilization, no interest is payable, and if a show cause notice is issued after reversal, no penalty is imposed. The judgment emphasized the importance of reversing Cenvat credit before utilization to avoid interest and penalty payments, aligning with established legal principles. Case-Laws Central Excise Fri, 13 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365526