https://www.taxtmi.com/caselaws?id=384679 The Tribunal set aside the penalty imposed under Section 11AC as the appellant had timely reversed the entire CENVAT credit with interest before the demand notice. The appellant's reversal of credit and absence of liability for interest and penalty were upheld. The judgment clarified that interest is not payable on unutilized inadmissible credit. The Tribunal directed verification for the refund of excess CENVAT credit inadvertently reversed, aligning with legal principles. en-us Wed, 14 Aug 2019 00:00:00 +0530 Wed, 21 Aug 2019 07:49:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384679 The Tribunal set aside the penalty imposed under Section 11AC as the appellant had timely reversed the entire CENVAT credit with interest before the demand notice. The appellant's reversal of credit and absence of liability for interest and penalty were upheld. The judgment clarified that interest is not payable on unutilized inadmissible credit. The Tribunal directed verification for the refund of excess CENVAT credit inadvertently reversed, aligning with legal principles. Case-Laws Central Excise Wed, 14 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384679