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2010 (3) TMI 199 - AT - Service TaxWrong availment of cenvat credit – reversal of credit before show cause notice – assessee was a major assessee paying duty in Crores and that they have taken an amount of Rs.12,007/- inadvertently and detected the mistake and rectified the same and they have not utilized the credit – Held that: At the outset, the appellant is not disputing their liability to pay an amount of Rs.12,007/-, which they had already reversed. They are disputing only interest and penalty imposed by the authorities below. Considering the facts narrated above and taking into account that sufficient credit was lying unutilized by the appellant, the questions of confirmation of interest and imposition of penalty under Section 11AC do not arise
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