2012 (12) TMI 299

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..... Cenvat credit which has been reversed by him as penalty under Section 11AC subject to the condition that he pays the amount of interest on irregularly availed Cenvat credit and also the 25% of the amount as penalty - E/1245/2011 - A/437/2012-WZB/AHD - Dated:- 4-4-2012 - Shri M.V. Ravindran, J. REPRESENTED BY : Shri R. Gajara, Advocate, for the Appellant. Shri R. Nagar, AR, for the Res .....

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..... 54,420/- before the issuance of show cause notice from their Cenvat credit registers. Both the lower authorities have upheld the interest liability on such an amount on the appellant as well as equivalent amount of penalty was imposed. 5. On perusal of the records, I find that the appellant is not disputing the improper/ineligible Cenvat credit availed. Having reversed the amount of Cenvat credi .....

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