https://www.taxtmi.com/caselaws?id=204944 Interest on reversed MODVAT credit had to be re-quantified because part of the amount later stood refunded as relating to Education Cess and Secondary & Higher Education Cess. The later sanction meant only the balance credit reversal could remain relevant for computing interest, rather than the full amount originally worked out. The matter was therefore remanded to the original adjudicating authority for fresh quantification of interest on that reduced basis. en-us Wed, 09 Mar 2011 00:00:00 +0530 Mon, 08 Aug 2011 16:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204944 Interest on reversed MODVAT credit had to be re-quantified because part of the amount later stood refunded as relating to Education Cess and Secondary & Higher Education Cess. The later sanction meant only the balance credit reversal could remain relevant for computing interest, rather than the full amount originally worked out. The matter was therefore remanded to the original adjudicating authority for fresh quantification of interest on that reduced basis. Case-Laws Central Excise Wed, 09 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204944