Appellate Tribunal rules no interest on reversed CENVAT credit

The Appellate Tribunal CESTAT Hyderabad held that the appellant is not liable to pay interest on wrongly taken CENVAT Credit that was reversed before utilization. The decision was supported by precedents and evidence of a sufficient credit balance. The impugned order was set aside, and the appeal was allowed.

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The judgment by Appellate Tribunal CESTAT Hyderabad states that the appellant is not liable to pay interest on CENVAT Credit wrongly taken but reversed before utilization. The decision is based on precedents and evidence of sufficient credit balance. The impugned order is set aside, and the appeal is allowed.

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