Penalty Overturned: Proper CENVAT Credit Management Nullifies Interest and Penalty Demands by Authorities.

Penalty Overturned: Proper CENVAT Credit Management Nullifies Interest and Penalty Demands by Authorities. https://www.taxtmi.com/highlights?id=59052 Levy of penalty - Since there was no wrong utilization of CENVAT credit and the appellant has reversed the proportionate credit attributable to trading prior to its utilization and therefore the demand of interest and imposition of penalty is not sustainable. - AT en-us Thu, 05 Aug 2021 16:19:16 +0530 Thu, 05 Aug 2021 16:19:16 +0530 TaxTMI RSS Generator Penalty Overturned: Proper CENVAT Credit Management Nullifies Interest and Penalty Demands by Authorities. https://www.taxtmi.com/highlights?id=59052 Levy of penalty - Since there was no wrong utilization of CENVAT credit and the appellant has reversed the proportionate credit attributable to trading prior to its utilization and therefore the demand of interest and imposition of penalty is not sustainable. - AT Highlights Service Tax Thu, 05 Aug 2021 16:19:16 +0530 https://www.taxtmi.com/highlights?id=59052