https://www.taxtmi.com/caselaws?id=367629 The Tribunal confirmed the demand and interest but set aside the penalty of Rs. 56,74,746/- imposed on the appellant for availing Cenvat credit without paying service providers and for services utilized by their sister unit. The Tribunal found that the appellant rectified the premature credit availment and reversed the amount with interest, leading to a revenue-neutral situation as the sister unit could have utilized the credit. Therefore, no penalty was deemed justified in this case. en-us Tue, 31 Jul 2018 00:00:00 +0530 Mon, 24 Sep 2018 07:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367629 The Tribunal confirmed the demand and interest but set aside the penalty of Rs. 56,74,746/- imposed on the appellant for availing Cenvat credit without paying service providers and for services utilized by their sister unit. The Tribunal found that the appellant rectified the premature credit availment and reversed the amount with interest, leading to a revenue-neutral situation as the sister unit could have utilized the credit. Therefore, no penalty was deemed justified in this case. Case-Laws Service Tax Tue, 31 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367629