2017 (10) TMI 1052

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..... nd Mr.Jas Sanghvi i/b PDS Legal for the respondent ORDER P. C. 1 Heard the learned counsel appearing for the Appellant-Revenue. On the basis of the show cause notice issued to the respondent, the Commissioner, Central Excise, Pune-II confirmed the demand and imposed penalty. Being aggrieved by the said order, the respondent preferred an appeal before the Customs, Excise and Service Tax Appellat .....

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..... ill not be available. The appellants in the case before us have not only reversed the credit of Rs. 70,21,383/but also paid the interest of Rs. 4,71,189/. We feel that by doing so, the appellants have undone the act of taking/utilizing the credit and in the light of Allahabad and Gujrat High Court judgments supra, it amount to not taking the credit and therefore, they are not required to pay an am .....

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