https://www.taxtmi.com/caselaws?id=443949 The appellant appealed against the disallowance of cenvat credit inadvertently taken. The court found that the appellant had reversed the excess credit and was not liable to reverse it again. As there was sufficient cenvat credit available, no interest payment was required. The court held that interest is compensatory and payable only on delayed payment of duty, not from the date of wrong availment of cenvat credit. No penalty was imposed on the appellant, and the impugned order was set aside, allowing the appeal with any consequential relief. en-us Wed, 04 Oct 2023 00:00:00 +0530 Thu, 05 Oct 2023 17:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443949 The appellant appealed against the disallowance of cenvat credit inadvertently taken. The court found that the appellant had reversed the excess credit and was not liable to reverse it again. As there was sufficient cenvat credit available, no interest payment was required. The court held that interest is compensatory and payable only on delayed payment of duty, not from the date of wrong availment of cenvat credit. No penalty was imposed on the appellant, and the impugned order was set aside, allowing the appeal with any consequential relief. Case-Laws Service Tax Wed, 04 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443949