https://www.taxtmi.com/caselaws?id=125706 Interest on wrongly taken Cenvat credit is not recoverable merely because the credit was recorded as a book entry, where the credit was later reversed and there was no allegation or proof that it was actually utilised for clearance of goods on payment of duty. The analysis distinguishes wrongful availment from actual use of credit and treats utilisation as necessary to sustain an interest demand. On the facts noted, the interest demand could not be maintained, and the order setting it aside was affirmed. en-us Mon, 08 Dec 2008 00:00:00 +0530 Mon, 29 Oct 2012 13:45:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125706 Interest on wrongly taken Cenvat credit is not recoverable merely because the credit was recorded as a book entry, where the credit was later reversed and there was no allegation or proof that it was actually utilised for clearance of goods on payment of duty. The analysis distinguishes wrongful availment from actual use of credit and treats utilisation as necessary to sustain an interest demand. On the facts noted, the interest demand could not be maintained, and the order setting it aside was affirmed. Case-Laws Central Excise Mon, 08 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125706