https://www.taxtmi.com/caselaws?id=764867 CESTAT (Bangalore - AT) held that reversal of unutilized Cenvat credit before utilization constitutes non-taking of credit, hence no liability for interest and no penalty under Rule 25 RCE, 2002; the penalty in that notice was set aside. For two other show-cause notices, inclusion of terminal charges and retrospective price revision produced differential duty which was paid; interest on the delayed payment is payable (no compound interest) and was rightly confirmed by lower authorities. Appeal allowed in part. en-us Fri, 10 Jan 2025 00:00:00 +0530 Sat, 20 Sep 2025 13:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764867 CESTAT (Bangalore - AT) held that reversal of unutilized Cenvat credit before utilization constitutes non-taking of credit, hence no liability for interest and no penalty under Rule 25 RCE, 2002; the penalty in that notice was set aside. For two other show-cause notices, inclusion of terminal charges and retrospective price revision produced differential duty which was paid; interest on the delayed payment is payable (no compound interest) and was rightly confirmed by lower authorities. Appeal allowed in part. Case-Laws Central Excise Fri, 10 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764867