https://www.taxtmi.com/caselaws?id=763659 The Appellate Tribunal CESTAT Chennai set aside the interest and penalty imposed on a public sector manufacturer for irregularly availing CENVAT credit, as the excess credit was reversed before the Show Cause Notice and not utilized for duty payment. The Tribunal found no evidence of willful suppression or fraud, warranting a lenient view. Consequently, the impugned order was modified, and the appellant was granted consequential relief, allowing and disposing of the appeal. en-us Fri, 20 Dec 2024 00:00:00 +0530 Thu, 26 Dec 2024 08:45:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763659 The Appellate Tribunal CESTAT Chennai set aside the interest and penalty imposed on a public sector manufacturer for irregularly availing CENVAT credit, as the excess credit was reversed before the Show Cause Notice and not utilized for duty payment. The Tribunal found no evidence of willful suppression or fraud, warranting a lenient view. Consequently, the impugned order was modified, and the appellant was granted consequential relief, allowing and disposing of the appeal. Case-Laws Central Excise Fri, 20 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763659