Levy of penalty - Since there was no wrong utilization of CENVAT ...
Penalty Overturned: Proper CENVAT Credit Management Nullifies Interest and Penalty Demands by Authorities.
August 5, 2021
Case Laws Service Tax AT
Levy of penalty - Since there was no wrong utilization of CENVAT credit and the appellant has reversed the proportionate credit attributable to trading prior to its utilization and therefore the demand of interest and imposition of penalty is not sustainable. - AT
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