https://www.taxtmi.com/caselaws?id=375039 The appeal challenged the rejection of CENVAT credit availed by the appellant, leading to the issuance of a show-cause notice for recovery. The Order-in-Original confirmed the demand, interest, and penalties. The Commissioner(Appeals) upheld the decision, prompting the present appeal. The appellant promptly reversed the CENVAT credit upon identification during an audit, well before any utilization, and had sufficient balance during the relevant period. Citing legal precedents, the judicial member concluded that the order demanding penalties and interest was unsustainable, allowing the appeal and setting aside the penalties and interest imposed on 03/01/2019. en-us Thu, 03 Jan 2019 00:00:00 +0530 Thu, 14 Feb 2019 06:17:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375039 The appeal challenged the rejection of CENVAT credit availed by the appellant, leading to the issuance of a show-cause notice for recovery. The Order-in-Original confirmed the demand, interest, and penalties. The Commissioner(Appeals) upheld the decision, prompting the present appeal. The appellant promptly reversed the CENVAT credit upon identification during an audit, well before any utilization, and had sufficient balance during the relevant period. Citing legal precedents, the judicial member concluded that the order demanding penalties and interest was unsustainable, allowing the appeal and setting aside the penalties and interest imposed on 03/01/2019. Case-Laws Central Excise Thu, 03 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375039