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2018 (7) TMI 243 - AT - Central ExciseDemand of Interest and penalty - wrongly availed credit was reversed immediately on being pointed out - whether the CENVAT credit availed wrongly and reversed subsequently without actually using it would attract interest or not? - Held that:- The issue is squarely covered by the decision of the jurisdictional High Court in the case of Commissioner of Central Excise, Madurai Vs. Strategic Engineering [2014 (11) TMI 89 - MADRAS HIGH COURT], where it was held that mere taking itself would not compel the assessee to pay interest as well as penalty - the appellant is not liable to pay interest or penalty - appeal allowed - decided in favor of appellant.
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