https://www.taxtmi.com/caselaws?id=114997 Wrongful availment of Modvat credit in breach of Notification No. 203/92-Cus. was settled under an amnesty scheme requiring reversal of the credit with interest. The later recrediting of that amount was treated as restoration of credit reversed under the settlement, not as refund of excess duty paid. On that basis, interest on the refunded amount was not payable, and the appellant was held not entitled to such interest. en-us Wed, 27 Oct 2004 00:00:00 +0530 Tue, 22 May 2012 18:12:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114997 Wrongful availment of Modvat credit in breach of Notification No. 203/92-Cus. was settled under an amnesty scheme requiring reversal of the credit with interest. The later recrediting of that amount was treated as restoration of credit reversed under the settlement, not as refund of excess duty paid. On that basis, interest on the refunded amount was not payable, and the appellant was held not entitled to such interest. Case-Laws Central Excise Wed, 27 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114997