https://www.taxtmi.com/caselaws?id=366464 The High Court held that the Tribunal erred in waiving the demand of interest under Rule 14 of the Cenvat Credit Rules, 2004, aligning with the Supreme Court's interpretation in a relevant case. The Court ruled in favor of the Revenue, emphasizing that the rule should not be read down to substitute "or" with "and," as clarified by the Supreme Court. The Court dismissed the appeal and confirmed the Tribunal's order, without addressing the issue of penalty reduction in detail. en-us Tue, 14 Aug 2018 00:00:00 +0530 Mon, 01 Apr 2019 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366464 The High Court held that the Tribunal erred in waiving the demand of interest under Rule 14 of the Cenvat Credit Rules, 2004, aligning with the Supreme Court's interpretation in a relevant case. The Court ruled in favor of the Revenue, emphasizing that the rule should not be read down to substitute "or" with "and," as clarified by the Supreme Court. The Court dismissed the appeal and confirmed the Tribunal's order, without addressing the issue of penalty reduction in detail. Case-Laws Central Excise Tue, 14 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366464