https://www.taxtmi.com/caselaws?id=30489 The appeal challenged the demand of interest and penalty imposed on M/s. Kyung shin Industrial Motherson Ltd. for wrongly taken Cenvat credit. The appellant successfully argued that since the credit was reversed and not utilized, interest should not be demanded. The Member (T) concluded that as the credit was not utilized and reversed before a Show Cause Notice was issued, the demand for interest and penalty was unsustainable. The appeal was allowed, emphasizing the importance of proper credit utilization to avoid interest payments and penalties. en-us Thu, 17 Apr 2008 00:00:00 +0530 Sat, 30 Aug 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30489 The appeal challenged the demand of interest and penalty imposed on M/s. Kyung shin Industrial Motherson Ltd. for wrongly taken Cenvat credit. The appellant successfully argued that since the credit was reversed and not utilized, interest should not be demanded. The Member (T) concluded that as the credit was not utilized and reversed before a Show Cause Notice was issued, the demand for interest and penalty was unsustainable. The appeal was allowed, emphasizing the importance of proper credit utilization to avoid interest payments and penalties. Case-Laws Central Excise Thu, 17 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30489