https://www.taxtmi.com/caselaws?id=430137 The Tribunal upheld the Principal Commissioner's decision, finding that the respondent voluntarily reversed inadmissible Cenvat credit before utilization, leading to no interest liability. Penalties were waived as the credit was reversed pre-show cause notice issuance. The Revenue's appeal for penalties and interest was dismissed, emphasizing no prejudice to Revenue due to non-utilization of credit. The Tribunal clarified that mere book entry of credit without use does not attract penalties or interest. en-us Wed, 28 Sep 2022 00:00:00 +0530 Sat, 12 Nov 2022 10:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430137 The Tribunal upheld the Principal Commissioner's decision, finding that the respondent voluntarily reversed inadmissible Cenvat credit before utilization, leading to no interest liability. Penalties were waived as the credit was reversed pre-show cause notice issuance. The Revenue's appeal for penalties and interest was dismissed, emphasizing no prejudice to Revenue due to non-utilization of credit. The Tribunal clarified that mere book entry of credit without use does not attract penalties or interest. Case-Laws Service Tax Wed, 28 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430137