https://www.taxtmi.com/caselaws?id=367164 The Tribunal allowed the appeal, setting aside the order confirming interest and penalties imposed on the appellant for wrong CENVAT credit availed. The appellant had promptly reversed the credit upon detection, maintaining a sufficient balance in their account. Relying on legal precedents, the Tribunal found the demand for interest and penalties unsustainable. The decision emphasizes timely correction of errors in availing credits and the application of legal principles in determining liabilities. en-us Mon, 09 Jul 2018 00:00:00 +0530 Mon, 17 Sep 2018 07:38:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367164 The Tribunal allowed the appeal, setting aside the order confirming interest and penalties imposed on the appellant for wrong CENVAT credit availed. The appellant had promptly reversed the credit upon detection, maintaining a sufficient balance in their account. Relying on legal precedents, the Tribunal found the demand for interest and penalties unsustainable. The decision emphasizes timely correction of errors in availing credits and the application of legal principles in determining liabilities. Case-Laws Central Excise Mon, 09 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367164