https://www.taxtmi.com/caselaws?id=128081 Interest is payable where excess Cenvat credit on capital goods is not only wrongly availed but also utilised before reversal. Rule 14 of the Cenvat Credit Rules, 2004 permits recovery of wrongly utilised credit with interest, and applies Section 11AB of the Central Excise Act, 1944 mutatis mutandis. Once the excess credit was used for duty payment, the amount was treated as duty not paid in cash for that period, attracting interest liability. The appellant was therefore not entitled to relief. en-us Fri, 10 Jul 2009 00:00:00 +0530 Thu, 28 Mar 2013 14:56:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128081 Interest is payable where excess Cenvat credit on capital goods is not only wrongly availed but also utilised before reversal. Rule 14 of the Cenvat Credit Rules, 2004 permits recovery of wrongly utilised credit with interest, and applies Section 11AB of the Central Excise Act, 1944 mutatis mutandis. Once the excess credit was used for duty payment, the amount was treated as duty not paid in cash for that period, attracting interest liability. The appellant was therefore not entitled to relief. Case-Laws Central Excise Fri, 10 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128081