https://www.taxtmi.com/caselaws?id=203302 Interest under Rule 14 of the CENVAT Credit Rules, 2004 is not attracted where credit is wrongly taken by mistake but remains unutilised and is reversed before any duty adjustment or monetary benefit is obtained. The provision was read as linking interest liability to actual utilisation of credit, not to a mere clerical taking of credit. On that basis, a mistaken entry later reversed before use does not by itself trigger recovery of interest. en-us Wed, 18 Aug 2010 00:00:00 +0530 Wed, 18 May 2011 09:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203302 Interest under Rule 14 of the CENVAT Credit Rules, 2004 is not attracted where credit is wrongly taken by mistake but remains unutilised and is reversed before any duty adjustment or monetary benefit is obtained. The provision was read as linking interest liability to actual utilisation of credit, not to a mere clerical taking of credit. On that basis, a mistaken entry later reversed before use does not by itself trigger recovery of interest. Case-Laws Central Excise Wed, 18 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203302