TMI Blog2018 (8) TMI 1497X X X X Extracts X X X X X X X X Extracts X X X X ..... h interest before the issuance of the Show Cause Notice. A small differential amount of ₹ 6,296/- was also reversed by them after passing of the order in original - It is also brought out that the appellants had sufficient credit balance and the wrongly availed credit was reversed before utilization. Interest and penalty set aside without disturbing the confirmation of demand or interest ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd, interest and penalties imposed. Aggrieved, the appellants are now before the Tribunal. 2. On behalf of the appellant, the learned Counsel, Shri V. S. Manoj, submitted that the appellant had reversed the credit of ₹ 1,70,290/- along with interest much before the issuance of the Show Cause Notice. There was a balance of ₹ 6,296/- which was reversed after the issuance of the order ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Cause Notice. A small differential amount of ₹ 6,296/- was also reversed by them after passing of the order in original. It is also brought out that the appellants had sufficient credit balance and the wrongly availed credit was reversed before utilization. In such a situation, the ratio laid in the case of Strategic Engineering Pvt. Ltd. (supra) would be applicable. I, therefore, find that ..... X X X X Extracts X X X X X X X X Extracts X X X X
|