https://www.taxtmi.com/caselaws?id=108044 Interest on ineligible Modvat credit did not arise where the credit was reversed before the show cause notice and had not been utilised. Reading Rule 57U(3) with Rule 57U(5), interest begins only after the stipulated period from demand determination, so no interest period accrued on these facts. The liability to pay interest under Rule 57U(5) was therefore not attracted. en-us Tue, 07 Oct 2003 00:00:00 +0530 Wed, 28 Mar 2012 14:56:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108044 Interest on ineligible Modvat credit did not arise where the credit was reversed before the show cause notice and had not been utilised. Reading Rule 57U(3) with Rule 57U(5), interest begins only after the stipulated period from demand determination, so no interest period accrued on these facts. The liability to pay interest under Rule 57U(5) was therefore not attracted. Case-Laws Central Excise Tue, 07 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108044