https://www.taxtmi.com/caselaws?id=204012 The Tribunal dismissed the appeal brought by the Commissioner of Central Excise & Customs, affirming the decision that interest liability under Rule 14 of the Cenvat Credit Rules, 2004 does not arise when wrongly availed credit is reversed before utilization. The Tribunal held that interest payment is not mandatory in such cases, aligning with legal precedents and the interpretation that Rule 14 pertains to recovery of interest on wrongly taken or utilized credit, not on credit reversed before use. The decision was based on the principle that interest is not payable when the credit remains unused. en-us Thu, 23 Dec 2010 00:00:00 +0530 Mon, 02 Apr 2012 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204012 The Tribunal dismissed the appeal brought by the Commissioner of Central Excise & Customs, affirming the decision that interest liability under Rule 14 of the Cenvat Credit Rules, 2004 does not arise when wrongly availed credit is reversed before utilization. The Tribunal held that interest payment is not mandatory in such cases, aligning with legal precedents and the interpretation that Rule 14 pertains to recovery of interest on wrongly taken or utilized credit, not on credit reversed before use. The decision was based on the principle that interest is not payable when the credit remains unused. Case-Laws Central Excise Thu, 23 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204012