2007 (10) TMI 88

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..... of credit introduced w.e.f. 17.8.2000 - E/3539/05 - Order No. A/1513/2007-WZB/C-IV/(SMB), - Dated:- 30-10-2007 - [Order per]- The appellants herein challenged the levy of interest and imposition of penalty upon them by the adjudicating authority. Interest has been levied on the ground that they utilized Cenvat Credit in excess of what was available to Second Fortnight of August,2000 fo .....

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..... [2007(213)E.L.T. 697], wherein penalty has been set aside for wrong utilization for the period of about 2 to 3 days, I hold that the penal action against the appellants is not warranted, in the circumstances of the case when the provision relating to quantum of credit available for payment of duty was introduced only on 17.8.2000 and payment of duty in the present case was in the first week of .....

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