https://www.taxtmi.com/caselaws?id=371393 The appellant, engaged in manufacturing carbon black, appealed against the denial of cenvat credit due to incomplete ISD invoices. The Tribunal held that substantive credit cannot be denied for technical infractions when all details were available in the annexure. The appellant reversed the credit before a show-cause notice was issued, and the Tribunal ruled that no interest is payable on unutilized credit reversed before utilization. Conflicting decisions on interest levy were noted, but the Tribunal held that no interest was payable in this case. The Tribunal also found no intention to evade duty, thus penalty under Section 11AC was not leviable. The appeal was allowed, setting aside the demand for interest and penalty. en-us Fri, 16 Nov 2018 00:00:00 +0530 Tue, 04 Dec 2018 08:57:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371393 The appellant, engaged in manufacturing carbon black, appealed against the denial of cenvat credit due to incomplete ISD invoices. The Tribunal held that substantive credit cannot be denied for technical infractions when all details were available in the annexure. The appellant reversed the credit before a show-cause notice was issued, and the Tribunal ruled that no interest is payable on unutilized credit reversed before utilization. Conflicting decisions on interest levy were noted, but the Tribunal held that no interest was payable in this case. The Tribunal also found no intention to evade duty, thus penalty under Section 11AC was not leviable. The appeal was allowed, setting aside the demand for interest and penalty. Case-Laws Central Excise Fri, 16 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371393