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2017 (2) TMI 298 - AT - Central ExciseInterest - penalty - Reversal of CENVAT credit - service tax paid for inspection of goods - Held that: - The issue in question is no longer res integra and has been settled by a number of High Court decisions including that of Billforge Pvt. Ltd. [2011 (4) TMI 969 - KARNATAKA HIGH COURT], where it was held that mere taking of cenvat credit facilities is not at all sufficient for claiming interest as well as penalty. I have no hesitation in holding that no interest liability will arise in the present case also and, consequently, there cannot be any imposition of penalty. Appeal allowed - decided in favor of appellant.
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