https://www.taxtmi.com/caselaws?id=76106 Interest on ineligible Cenvat credit turned on the pre- and post-14-05-2001 position under Section 11AB. For the period before the amendment, interest required allegations of fraud, suppression, misstatement or collusion to evade duty, and the notice did not invoke those ingredients; interest was therefore not payable. After the amendment, Section 11AB made interest follow the duty demand, so interest applied to the amount reversed for the post-amendment period. The credit related to inputs used in repairing and reconditioning machinery cleared without duty, and reversal of the credit itself was not in dispute. en-us Tue, 19 May 2009 00:00:00 +0530 Wed, 09 Jun 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76106 Interest on ineligible Cenvat credit turned on the pre- and post-14-05-2001 position under Section 11AB. For the period before the amendment, interest required allegations of fraud, suppression, misstatement or collusion to evade duty, and the notice did not invoke those ingredients; interest was therefore not payable. After the amendment, Section 11AB made interest follow the duty demand, so interest applied to the amount reversed for the post-amendment period. The credit related to inputs used in repairing and reconditioning machinery cleared without duty, and reversal of the credit itself was not in dispute. Case-Laws Central Excise Tue, 19 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76106