https://www.taxtmi.com/caselaws?id=371181 The Tribunal ruled in favor of the appellant, setting aside the imposition of interest and penalty by the Commissioner (Appeals). The Tribunal found that the appellant had not utilized or taken the credit wrongly, as the duty paid against which the credit was noted remained with the government. The decision emphasized the distinction between wrongly taken but not utilized credit and wrongly taken and utilized credit under Rule 14 of the Cenvat Credit Rules, ultimately leading to the appeal being allowed. en-us Fri, 26 Oct 2018 00:00:00 +0530 Thu, 10 Jan 2019 18:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371181 The Tribunal ruled in favor of the appellant, setting aside the imposition of interest and penalty by the Commissioner (Appeals). The Tribunal found that the appellant had not utilized or taken the credit wrongly, as the duty paid against which the credit was noted remained with the government. The decision emphasized the distinction between wrongly taken but not utilized credit and wrongly taken and utilized credit under Rule 14 of the Cenvat Credit Rules, ultimately leading to the appeal being allowed. Case-Laws Service Tax Fri, 26 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371181