https://www.taxtmi.com/caselaws?id=126609 The Tribunal dismissed the stay application and appeal filed by the Revenue, upholding the Commissioner (Appeals) decision to allow the refund of interest paid by the respondents. The Tribunal relied on the legal precedent set by the High Court and upheld by the Apex Court, determining that the assessee was not liable to pay interest as the credit was not utilized but merely entered in the Modvat account. en-us Fri, 17 Apr 2009 00:00:00 +0530 Thu, 22 Nov 2012 15:20:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126609 The Tribunal dismissed the stay application and appeal filed by the Revenue, upholding the Commissioner (Appeals) decision to allow the refund of interest paid by the respondents. The Tribunal relied on the legal precedent set by the High Court and upheld by the Apex Court, determining that the assessee was not liable to pay interest as the credit was not utilized but merely entered in the Modvat account. Case-Laws Central Excise Fri, 17 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126609