https://www.taxtmi.com/caselaws?id=120714 Rule 3(3) of the Cenvat Credit Rules, 2002 permits utilisation of Cenvat credit only for the specified purposes, chiefly payment of excise duty on final products and other expressly permitted liabilities. It does not authorise adjustment of interest or penalty from the balance in RG 23A Part II. The direction permitting such recovery from the credit balance was therefore inconsistent with the rule, and the Revenue's challenge succeeded. en-us Wed, 13 Dec 2006 00:00:00 +0530 Mon, 23 Jul 2012 17:11:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120714 Rule 3(3) of the Cenvat Credit Rules, 2002 permits utilisation of Cenvat credit only for the specified purposes, chiefly payment of excise duty on final products and other expressly permitted liabilities. It does not authorise adjustment of interest or penalty from the balance in RG 23A Part II. The direction permitting such recovery from the credit balance was therefore inconsistent with the rule, and the Revenue's challenge succeeded. Case-Laws Central Excise Wed, 13 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120714