https://www.taxtmi.com/caselaws?id=383318 The Appellate Tribunal CESTAT Bangalore allowed the appeal by remanding the matter for further verification on the reversal of irregularly availed CENVAT credit. The Tribunal emphasized the importance of accurate compliance with CENVAT regulations to avoid financial liabilities. The decision was influenced by a precedent from the High Court of Karnataka, establishing that if CENVAT credit is not utilized and reversed before a show-cause notice, the appellant may not be liable for interest and penalty. en-us Mon, 10 Jun 2019 00:00:00 +0530 Mon, 22 Jul 2019 06:19:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383318 The Appellate Tribunal CESTAT Bangalore allowed the appeal by remanding the matter for further verification on the reversal of irregularly availed CENVAT credit. The Tribunal emphasized the importance of accurate compliance with CENVAT regulations to avoid financial liabilities. The decision was influenced by a precedent from the High Court of Karnataka, establishing that if CENVAT credit is not utilized and reversed before a show-cause notice, the appellant may not be liable for interest and penalty. Case-Laws Central Excise Mon, 10 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383318