https://www.taxtmi.com/caselaws?id=75341 Interest on the amount attributable to exempted clearances was held not payable where the assessee maintained sufficient CENVAT credit balance throughout and showed that the relevant credit had not been actually utilised for that payment. Rule 6 of the CENVAT Credit Rules, as then in force, permitted discharge of the amount by debiting CENVAT credit or otherwise, and on that basis the statutory foundation for interest was not established. The interest demand was set aside, while the duty demand was maintained. en-us Thu, 25 Jun 2009 00:00:00 +0530 Thu, 08 Apr 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75341 Interest on the amount attributable to exempted clearances was held not payable where the assessee maintained sufficient CENVAT credit balance throughout and showed that the relevant credit had not been actually utilised for that payment. Rule 6 of the CENVAT Credit Rules, as then in force, permitted discharge of the amount by debiting CENVAT credit or otherwise, and on that basis the statutory foundation for interest was not established. The interest demand was set aside, while the duty demand was maintained. Case-Laws Central Excise Thu, 25 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75341