https://www.taxtmi.com/caselaws?id=203875 The Tribunal ruled that interest on wrongly availed CENVAT credit accrues from the date of availing the credit, not just from its utilization, as clarified by a Supreme Court judgment. Consequently, penalties imposed on the assessees for not paying interest earlier were set aside. The appeals were partly allowed, upholding the interest liability already paid by the assessees but canceling the penalties. en-us Fri, 20 May 2011 00:00:00 +0530 Fri, 03 Jan 2014 14:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203875 The Tribunal ruled that interest on wrongly availed CENVAT credit accrues from the date of availing the credit, not just from its utilization, as clarified by a Supreme Court judgment. Consequently, penalties imposed on the assessees for not paying interest earlier were set aside. The appeals were partly allowed, upholding the interest liability already paid by the assessees but canceling the penalties. Case-Laws Central Excise Fri, 20 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203875