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2017 (11) TMI 867 - AT - Central ExciseInterest and penalty - CENVAT credit availed wrongly, was reversed - Held that: - Since the appellant had merely availed the credit and reversed the same before utilizing the availed credit for remittance of duty, interest liability would not arise - reliance placed in the case of COMMISSIONER OF CENTRAL EXCISE & SERVICE TAX LARGE TAXPAYER UNIT, BANGALORE Versus M/s BILL FORGE PVT LTD, BANGALORE [2011 (4) TMI 969 - KARNATAKA HIGH COURT], where it was held that interest and penalty is not imposable where credit wrongly availed has been reversed prior to utilization - demand set aside - appeal allowed - decided in favor of appellant.
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