2014 (10) TMI 834 - HC - Service Tax

Levy of interest on Cenvat credit availed irregularly but the same was not utilized - Tribunal confirmed the levy of interest - we do not find any element of law in this appeal for adjudication. - Decided against the assessee.

Summary

The High Court of Andhra Pradesh dismissed the appeal, as the penalty was reduced from Rs. 62,04,375 to Rs. 25,000 by the Tribunal based on proportionality. The Tribunal confirmed the order of levying interest due to irregular availing of Cenvat credit, which was not utilized. The appeal was dismissed without costs.