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2018 (3) TMI 1548 - CESTAT MUMBAIInterest - penalty - CENVAT credit - duty paying documents - GAR-7 challan - It was observed that no bills (for provisions made of the import of services) were received nor any payments were effected for the said services till the date of audit - contravention of Rule 7 of Point of Taxation Rules, 2011 read with Rule 4(7) of the CENVAT Credit Rules, 2004 - Held that: - Admittedly the credit availed by the assessee was lying in their accounts only without being utilised. In such a scenario, the confirmation of interest or imposition of penalty is not justified - appeal dismissed - decided against Revenue.
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