https://www.taxtmi.com/caselaws?id=126548 Interest cannot be levied on Cenvat credit reversed for clinker written off in the books where the underlying credit was not legally required to be reversed. The cited decisions and Board circular supported the position that credit on inputs written off did not attract mandatory reversal, and once no lawful reversal obligation existed, there was no basis to charge interest merely because the amount was later debited in the credit account. The assessee's failure to dispute the reversal did not create a liability in law. The interest demand was therefore unsustainable and consequential relief followed. en-us Wed, 22 Jul 2009 00:00:00 +0530 Thu, 22 Nov 2012 10:34:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126548 Interest cannot be levied on Cenvat credit reversed for clinker written off in the books where the underlying credit was not legally required to be reversed. The cited decisions and Board circular supported the position that credit on inputs written off did not attract mandatory reversal, and once no lawful reversal obligation existed, there was no basis to charge interest merely because the amount was later debited in the credit account. The assessee's failure to dispute the reversal did not create a liability in law. The interest demand was therefore unsustainable and consequential relief followed. Case-Laws Central Excise Wed, 22 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126548