https://www.taxtmi.com/caselaws?id=379154 The Tribunal set aside the Commissioner (Appeals) order, ruling in favor of the appellant, a Public Sector Undertaking, in a case concerning the availing of CENVAT credit on capital goods. The Tribunal held that interest is not payable solely on the availment of credit without utilization, aligning with legal precedents and interpretations under Rule 14 of the CENVAT Credit Rules. The appellant's appeal was allowed, providing consequential relief and overturning the demand for interest and penalty imposed by the Additional Commissioner. en-us Wed, 24 Apr 2019 00:00:00 +0530 Mon, 29 Apr 2019 06:16:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379154 The Tribunal set aside the Commissioner (Appeals) order, ruling in favor of the appellant, a Public Sector Undertaking, in a case concerning the availing of CENVAT credit on capital goods. The Tribunal held that interest is not payable solely on the availment of credit without utilization, aligning with legal precedents and interpretations under Rule 14 of the CENVAT Credit Rules. The appellant's appeal was allowed, providing consequential relief and overturning the demand for interest and penalty imposed by the Additional Commissioner. Case-Laws Service Tax Wed, 24 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379154