https://www.taxtmi.com/caselaws?id=375929 Irregular CENVAT credit reversed before utilisation did not attract interest or penalty because the credit was never enjoyed in the interim. On the related service tax issue, payment of tax with interest before issuance of the show cause notice meant penalty under Section 78 of the Finance Act, 1994 was not justified. Applying settled precedent, the demand for interest and penalty was treated as unsustainable and the impugned order was set aside in favour of the appellant. en-us Tue, 26 Feb 2019 00:00:00 +0530 Thu, 28 Feb 2019 06:58:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375929 Irregular CENVAT credit reversed before utilisation did not attract interest or penalty because the credit was never enjoyed in the interim. On the related service tax issue, payment of tax with interest before issuance of the show cause notice meant penalty under Section 78 of the Finance Act, 1994 was not justified. Applying settled precedent, the demand for interest and penalty was treated as unsustainable and the impugned order was set aside in favour of the appellant. Case-Laws Central Excise Tue, 26 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375929