https://www.taxtmi.com/caselaws?id=773473 CESTAT Bangalore allowed the appeal regarding reversal of proportionate cenvat credit attributable to exempted goods. The appellant had committed omission by availing CENVAT credit on exempted goods but voluntarily reversed the wrongly availed credit with interest upon discovering the error. The tribunal held that once the department accepted the reversal, penal provisions could not be invoked. Following Karnataka HC precedent in CCE v. ETA Technology, the tribunal ruled that reversal of credit was sufficient and substantial benefit cannot be denied for minor procedural lapses where substantive compliance was made. en-us Wed, 09 Apr 2025 00:00:00 +0530 Tue, 24 Jun 2025 08:25:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773473 CESTAT Bangalore allowed the appeal regarding reversal of proportionate cenvat credit attributable to exempted goods. The appellant had committed omission by availing CENVAT credit on exempted goods but voluntarily reversed the wrongly availed credit with interest upon discovering the error. The tribunal held that once the department accepted the reversal, penal provisions could not be invoked. Following Karnataka HC precedent in CCE v. ETA Technology, the tribunal ruled that reversal of credit was sufficient and substantial benefit cannot be denied for minor procedural lapses where substantive compliance was made. Case-Laws Service Tax Wed, 09 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773473