https://www.taxtmi.com/caselaws?id=785195 Irregular availment of CENVAT credit attributable to electricity wheeled out or sold was examined; the appellate tribunal accepted that monthly reversal of credit recorded in ER-1 returns and replies negates wrongful availment, so demands for credit in respect of electricity sold to the State Electricity Board are set aside. The tribunal applied settled precedent treating reversal of credit as equivalent to non-availment, consequently holding that penalty under rule 15(1) and section 11AC is inapplicable because credit was not utilized wrongly, and interest under section 11AA/read with relevant rules cannot be sustained where input and input service credit was reversed. en-us Thu, 15 Jan 2026 00:00:00 +0530 Tue, 20 Jan 2026 06:31:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785195 Irregular availment of CENVAT credit attributable to electricity wheeled out or sold was examined; the appellate tribunal accepted that monthly reversal of credit recorded in ER-1 returns and replies negates wrongful availment, so demands for credit in respect of electricity sold to the State Electricity Board are set aside. The tribunal applied settled precedent treating reversal of credit as equivalent to non-availment, consequently holding that penalty under rule 15(1) and section 11AC is inapplicable because credit was not utilized wrongly, and interest under section 11AA/read with relevant rules cannot be sustained where input and input service credit was reversed. Case-Laws Central Excise Thu, 15 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785195