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2015 (1) TMI 1036 - CESTAT NEW DELHIInterest and penalty for taking the Cenvat credit wrongly - credit was availed by the appellant in terms of permission granted by their jurisdictional Asstt. Commissioner - Revenue changed its opinion and withdrew the permission on 30-4-2012 and the appellant was directed by the Superintendent to reverse the credit entry on 23-5-2012 which was actually reversed on 8-6-2012 - Held that:- Following decision of Commissioner of Central Excise, Bangalore v. Bill Forge Pvt. Ltd [2011 (4) TMI 969 - KARNATAKA HIGH COURT] - where the credit availed remained as paper entry only and was not utilized at all, no interest liability would arise against the assessee - Decided in favour of assessee.
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