https://www.taxtmi.com/caselaws?id=78252 Interest under Rule 14 of the Cenvat Credit Rules, 2004 is attracted only where wrongly taken credit is also utilised. The Tribunal read the interest provision in the context of both wrong availment and wrongful use of credit, and followed the view that mere taking of Cenvat credit, without utilisation, does not by itself create interest liability. A contrary departmental circular and reliance on an earlier regime did not alter the position under the present rule, so interest was held not payable on unutilised credit. en-us Thu, 11 Mar 2010 00:00:00 +0530 Thu, 08 Jun 2017 18:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78252 Interest under Rule 14 of the Cenvat Credit Rules, 2004 is attracted only where wrongly taken credit is also utilised. The Tribunal read the interest provision in the context of both wrong availment and wrongful use of credit, and followed the view that mere taking of Cenvat credit, without utilisation, does not by itself create interest liability. A contrary departmental circular and reliance on an earlier regime did not alter the position under the present rule, so interest was held not payable on unutilised credit. Case-Laws Central Excise Thu, 11 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78252