2014 (11) TMI 1139

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..... - 54535/2014 - Dated:- 27-11-2014 - D. N. Panda (Judicial Member) For the Appellants : : Z. U. Alvi, Advocate For the Respondents : AK Dhowan, DR ORDER D. N. Panda (Judicial Member) Ld. counsel explains that M/s. BHEL had accumulated credit of nearly ₹ 1 crore at all times. They record CENVAT credit in statutory record duly and also review that periodically. If exce .....

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..... umstance, there shall not be levy of interest nor penalty in the fitness of the circumstance of the case. 2. Revenue opposes above contentions supporting adjudication. 3. Case of appellant was unutilisation of credit. Therefore, exchequer not being prejudiced in absence of finding that there was no sufficient credit on record while set off of duty liability was made against CENVAT credit acc .....

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