https://www.taxtmi.com/caselaws?id=375929 The Appellate Tribunal CESTAT Bangalore set aside the demand for irregular CENVAT credit and Service Tax imposed by the Asst. Commissioner, rejecting the penalties and interest. The Tribunal found that if CENVAT credit is reversed before utilization, no interest or penalty is payable. The appeal was allowed with consequential relief, addressing the issues of irregular CENVAT credit, short paid Service Tax, and the confirmation of demand by the Asst. Commissioner in favor 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 The Appellate Tribunal CESTAT Bangalore set aside the demand for irregular CENVAT credit and Service Tax imposed by the Asst. Commissioner, rejecting the penalties and interest. The Tribunal found that if CENVAT credit is reversed before utilization, no interest or penalty is payable. The appeal was allowed with consequential relief, addressing the issues of irregular CENVAT credit, short paid Service Tax, and the confirmation of demand by the Asst. Commissioner in favor of the appellant. Case-Laws Central Excise Tue, 26 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375929