Same-Day Reversal Equals No Availment: CESTAT Quashes Interest and Penalty in Cenvat Credit Case

HomeIndirect TaxesSame-Day Reversal Equals No Availment: CESTAT Quashes Interest and Penalty in Cenvat...

Same-Day Reversal Equals No Availment: CESTAT Quashes Interest and Penalty in Cenvat Credit Case

Indirect Taxes

Published on

03/02/2026

By Mariya Paliwala

Same-Day Reversal Equals No Availment: CESTAT Quashes Interest and Penalty in Cenvat Credit Case

🚀 Stay Connected With JurisHour

WhatsApp X Telegram

The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Bangalore has held that where the assessee had reversed the required amount on the same day as availment of credit, no interest or penalty was sustainable in law. The bench of Dr. D.M. Misra (Judicial Member) and Pullela Nageswara Rao (Technical Member) have observed that the…

Membership Required

You must be a member to access this content.

View Membership Levels

Already a member? Log in here

Mariya Paliwala https://www.jurishour.in/

Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

Same-Day Reversal Equals No Availment: CESTAT Quashes Interest and Penalty in Cenvat Credit Case

Membership Required

Latest articles

Dept. Can’t Force Assessee to Adopt More Punitive CENVAT Credit Option Under Rule 6: Calcutta High Court

S. 74 GST Notice Must Spell Out Statutory Ingredients for Invoking Extended Tax Demand Proceedings: Allahabad High Court

DGGI Online Gaming Probe | GST Arrest Can’t Be Invalidated Merely Because Maximum Punishment Is 5 Years: Allahabad HC

Can Dept. Reopen GST Proceedings Within 2 Years of High Court Order? Allahabad HC Interprets S. 75(3)

More like this

Dept. Can’t Force Assessee to Adopt More Punitive CENVAT Credit Option Under Rule 6: Calcutta High Court

S. 74 GST Notice Must Spell Out Statutory Ingredients for Invoking Extended Tax Demand Proceedings: Allahabad High Court

DGGI Online Gaming Probe | GST Arrest Can’t Be Invalidated Merely Because Maximum Punishment Is 5 Years: Allahabad HC

About us

Company

Categories