https://www.taxtmi.com/caselaws?id=280619 Interest and penalty on disputed CENVAT credit reversal were found unsustainable where the underlying credit demand was neither appropriated nor confirmed. The Tribunal followed its earlier view that consequential levies cannot survive in the absence of a legally sustained principal demand. Although the assessee had reversed the credit during audit, the adjudication ended only with interest and penalty, without confirmation of the basic denial of credit. On that footing, the Tribunal set aside the interest and penalty, holding that such levies have no independent basis when the principal demand is not upheld. en-us Thu, 13 Dec 2018 00:00:00 +0530 Tue, 14 May 2019 07:39:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280619 Interest and penalty on disputed CENVAT credit reversal were found unsustainable where the underlying credit demand was neither appropriated nor confirmed. The Tribunal followed its earlier view that consequential levies cannot survive in the absence of a legally sustained principal demand. Although the assessee had reversed the credit during audit, the adjudication ended only with interest and penalty, without confirmation of the basic denial of credit. On that footing, the Tribunal set aside the interest and penalty, holding that such levies have no independent basis when the principal demand is not upheld. Case-Laws Central Excise Thu, 13 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280619