https://www.taxtmi.com/caselaws?id=374753 Cenvat credit on Education Cess and Secondary and Higher Secondary Education Cess taken on inputs procured from a 100% EOU was found admissible in the stated circumstances. The Tribunal applied the principle that mere entry of credit in the Cenvat account is distinct from utilisation, and that interest or penalty does not automatically follow where the credit is reversed before use. Because the dispute turned on a bona fide interpretation of the Cenvat Credit Rules, the demand for interest and penalty was held unsustainable, and the impugned order was set aside. en-us Wed, 23 Jan 2019 00:00:00 +0530 Fri, 08 Feb 2019 13:28:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374753 Cenvat credit on Education Cess and Secondary and Higher Secondary Education Cess taken on inputs procured from a 100% EOU was found admissible in the stated circumstances. The Tribunal applied the principle that mere entry of credit in the Cenvat account is distinct from utilisation, and that interest or penalty does not automatically follow where the credit is reversed before use. Because the dispute turned on a bona fide interpretation of the Cenvat Credit Rules, the demand for interest and penalty was held unsustainable, and the impugned order was set aside. Case-Laws Central Excise Wed, 23 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374753