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2017 (2) TMI 539 - AT - Service TaxInterest - penalty - reversal of irregularly availed credit - whether the appellant is liable to pay the interest and penalty for the irregularly availed credit, which was reversed prior to utilisation according to the appellant? Held that: - having sufficient balance in the CENVAT account in any of the category namely input, capital goods or input services would suffice for the purpose of considering whether the appellant had reversed the credit before utilisation - the levy of interest and penalty is unwarranted - appeal allowed - decided in favor of appellant.
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