CENVAT Credit Denial Overturned: CESTAT Rules Against Unjust Interest Demands and Penalties in Favor of Appellant.

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....The case involved appeals regarding the denial of CENVAT credit, invocation of extended period of limitation, demand of interest on capital goods CENVAT credit, denial of credit on certain items, and imposition of penalties. The CESTAT found in favor of the appellant on all counts, ruling that the denial of credit, demand of interest, and imposition of penalties were unjustified. The appeals were disposed of accordingly.....