https://www.taxtmi.com/caselaws?id=365996 The Tribunal ruled in favor of the appellant in a case concerning liability for duty, interest, and penalty under the CENVAT Credit Rules, 2004 and Finance Act, 1994. The appellant promptly reversed wrongly availed CENVAT credit before utilization, maintaining a sufficient balance, and disclosing the same in returns. Relying on legal precedents, the Tribunal held that interest and penalty should not be imposed in such cases. The impugned order was set aside, granting relief to the appellant based on compliance with procedural requirements and established legal principles. en-us Tue, 21 Aug 2018 00:00:00 +0530 Tue, 28 Aug 2018 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365996 The Tribunal ruled in favor of the appellant in a case concerning liability for duty, interest, and penalty under the CENVAT Credit Rules, 2004 and Finance Act, 1994. The appellant promptly reversed wrongly availed CENVAT credit before utilization, maintaining a sufficient balance, and disclosing the same in returns. Relying on legal precedents, the Tribunal held that interest and penalty should not be imposed in such cases. The impugned order was set aside, granting relief to the appellant based on compliance with procedural requirements and established legal principles. Case-Laws Service Tax Tue, 21 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365996