https://www.taxtmi.com/caselaws?id=204472 The court dismissed the appeal, upholding the Tribunal's order that interest under Section 11AB of the Central Excise Act, 1944 is not triggered if wrongly credited amounts are reversed before utilization for duty payment. The court emphasized that no interest or penalty is chargeable in such cases, based on the interpretation of Rule 14 of the CENVAT Credit Rules, 2004. The appellant's argument against the reduction in penalty under Rule 15 was not extensively addressed as the focus was on the interest liability issue. en-us Tue, 27 Apr 2010 00:00:00 +0530 Fri, 17 May 2013 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204472 The court dismissed the appeal, upholding the Tribunal's order that interest under Section 11AB of the Central Excise Act, 1944 is not triggered if wrongly credited amounts are reversed before utilization for duty payment. The court emphasized that no interest or penalty is chargeable in such cases, based on the interpretation of Rule 14 of the CENVAT Credit Rules, 2004. The appellant's argument against the reduction in penalty under Rule 15 was not extensively addressed as the focus was on the interest liability issue. Case-Laws Service Tax Tue, 27 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204472