https://www.taxtmi.com/caselaws?id=375313 Cenvat credit on inputs used for plain lateral pipes and tubes could not be denied merely because the final goods were disputed as exempted goods, where duty had in fact been paid by utilising the same credit and the dispute was revenue neutral. The demand for reversal was therefore unsustainable. Where the disputed credit had been reversed before the show cause notice and remained unutilised, no interest arose; penalty was also unwarranted because the credit was reflected in records under a bona fide belief and no mala fide intent was shown. The larger credit demand was deleted, while the retained duty demand remained unaffected. en-us Fri, 15 Feb 2019 00:00:00 +0530 Mon, 18 Feb 2019 06:33:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375313 Cenvat credit on inputs used for plain lateral pipes and tubes could not be denied merely because the final goods were disputed as exempted goods, where duty had in fact been paid by utilising the same credit and the dispute was revenue neutral. The demand for reversal was therefore unsustainable. Where the disputed credit had been reversed before the show cause notice and remained unutilised, no interest arose; penalty was also unwarranted because the credit was reflected in records under a bona fide belief and no mala fide intent was shown. The larger credit demand was deleted, while the retained duty demand remained unaffected. Case-Laws Central Excise Fri, 15 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375313