https://www.taxtmi.com/caselaws?id=125007 The tribunal upheld the decisions of the lower authorities and dismissed the appeal regarding the claim for interest on Modvat credit reversal and re-credit. It was concluded that the government was not obligated to compensate the appellants with interest payment as there was no evidence of coercion during the reversal and re-credit process. The tribunal emphasized the absence of statutory support for the claim under Section 11AA and the voluntary nature of the actions taken by the appellants, leading to the rejection of their request for interest payment. en-us Thu, 30 Oct 2008 00:00:00 +0530 Thu, 18 Oct 2012 10:19:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125007 The tribunal upheld the decisions of the lower authorities and dismissed the appeal regarding the claim for interest on Modvat credit reversal and re-credit. It was concluded that the government was not obligated to compensate the appellants with interest payment as there was no evidence of coercion during the reversal and re-credit process. The tribunal emphasized the absence of statutory support for the claim under Section 11AA and the voluntary nature of the actions taken by the appellants, leading to the rejection of their request for interest payment. Case-Laws Central Excise Thu, 30 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125007