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Tribunal Confirms CENVAT Credit Eligibility; No Grounds for Revenue to Demand Interest or Penalties from Taxpayer.

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....Eligibility of CENVAT credit based on tribunal decision - In the absence of the Department challenging the findings of the Tribunal that there is no justification to deny CENVAT Credit, the Revenue has no case and the Department is not at liberty to demand either interest or penalty. - HC....

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Tribunal Confirms CENVAT Credit Eligibility; No Grounds for Revenue to Demand Interest or Penalties from Taxpayer.