2018 (8) TMI 998

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....i Gyanendra Kr. Tripathi, Asstt. Commissioner (AR), for Respondent ORDER Per: Anil G. Shakkarwar The present appeals are arising out of Order-in-Appeal No. NOI-EXCUS-001-APP-1386 & 1387-17-18 dated 30/10/2017 passed by Commissioner of Central Tax Commissionerate (Appeals), Noida. The short issue involved in the present appeals is whether interest and penalty are required to be paid by the....

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....n'ble Allahabad High Court in the case of Commissioner of Customs & Central Excise, Meerut-II Vs M/s Rana Sugar Ltd. reported at 2010 (253) E.L.T. 366 (All.) is squarely applicable in the facts of the present case. Through the said ruling the Hon'ble Allahabad High Court had ruled that if Cenvat credit is reversed before utilization then there is no need for payment of interest on availment of suc....