2016 (4) TMI 1174

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..... ries Ltd [2016 (11) TMI 911 - CESTAT BANGALORE] there cannot be any interest liability on irregularly availed CENVAT credit which had been reversed already by the appellant. When there is no liability of interest, in this matter penalty imposed of ₹ 2000/- is not justified and is hereby dropped - appeal allowed - decided in favor of appellant. - E/493/2012-SM - Final Order No. 20300 / 201 .....

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..... Shri Ajay Saxena inter alia argues that larger bench decision says that Hon ble Karnataka High Court s decision is applicable only within the jurisdiction of State of Karnataka. 4. Considering the facts of the case on record and the larger bench decision in appellants own case, J.K Tyre Industries Ltd (supra) there cannot be any interest liability on irregularly availed CENVAT credit which ha .....

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