https://www.taxtmi.com/caselaws?id=386118 The Tribunal allowed the appeal, setting aside the decision to disallow Cenvat credit and demand duty, as the credit was reversed before utilization, resulting in a revenue-neutral situation. The Tribunal emphasized that interest and penalty are not applicable to unutilized reversed credits, in line with the legislative intent reflected in the amendment to Rule 14. The appellant was granted consequential relief, and the impugned order was overturned. en-us Fri, 20 Sep 2019 00:00:00 +0530 Mon, 23 Sep 2019 07:19:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386118 The Tribunal allowed the appeal, setting aside the decision to disallow Cenvat credit and demand duty, as the credit was reversed before utilization, resulting in a revenue-neutral situation. The Tribunal emphasized that interest and penalty are not applicable to unutilized reversed credits, in line with the legislative intent reflected in the amendment to Rule 14. The appellant was granted consequential relief, and the impugned order was overturned. Case-Laws Central Excise Fri, 20 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386118