TMI BlogErroneous CENVAT credit reversal leads to upheld interest charge but penalty relief granted.Levy of interest and penalty on reversal of CENVAT credit - they had only taken the CENVAT credit erroneously but had sufficient balance in their account of CENVAT credit - appeal does not succeed on the issue of interest but the appellant will get relief on the penalty part - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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