https://www.taxtmi.com/caselaws?id=412919 The Tribunal allowed the appeal, setting aside the imposition of interest on reversed CENVAT credits for the extended period, while the penalty under Section 11AC was set aside. The decision was based on established legal principles that interest is not payable when credits are promptly reversed upon discovery, especially from available account credits. The Tribunal cited relevant case law and concluded that no interest is due in such circumstances. en-us Mon, 27 Sep 2021 00:00:00 +0530 Thu, 30 Sep 2021 09:21:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412919 The Tribunal allowed the appeal, setting aside the imposition of interest on reversed CENVAT credits for the extended period, while the penalty under Section 11AC was set aside. The decision was based on established legal principles that interest is not payable when credits are promptly reversed upon discovery, especially from available account credits. The Tribunal cited relevant case law and concluded that no interest is due in such circumstances. Case-Laws Central Excise Mon, 27 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412919