https://www.taxtmi.com/caselaws?id=126061 Interest on wrongly taken Cenvat credit was stated to be unrecoverable where the credit was reversed soon after the error was noticed and there was no finding that it had been utilised. The text explains that interest liability depends on prior determination of the duty demand under the statutory recovery mechanism corresponding to Section 11A, read with the central excise recovery rules. On that basis, reversal of the excess credit before utilisation was treated as negating interest liability, and the demand was removed in favour of the assessee. en-us Tue, 03 Mar 2009 00:00:00 +0530 Thu, 01 Nov 2012 17:49:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126061 Interest on wrongly taken Cenvat credit was stated to be unrecoverable where the credit was reversed soon after the error was noticed and there was no finding that it had been utilised. The text explains that interest liability depends on prior determination of the duty demand under the statutory recovery mechanism corresponding to Section 11A, read with the central excise recovery rules. On that basis, reversal of the excess credit before utilisation was treated as negating interest liability, and the demand was removed in favour of the assessee. Case-Laws Central Excise Tue, 03 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126061