https://www.taxtmi.com/caselaws?id=206952 The High Court dismissed the revenue's appeal under Section 35G of the Central Excise Act, 1944 against the Tribunal's order. The Court upheld the decision that no interest was payable on unutilized Cenvat credit but confirmed the liability for interest on the utilized credit of Rs. 91,000 wrongly availed by the assessee. The Court concurred with the lower authorities that there was no justification for demanding tax or interest on the reversed and unutilized Cenvat credit, ultimately leading to the dismissal of the appeal. en-us Fri, 24 Dec 2010 00:00:00 +0530 Wed, 23 Nov 2011 07:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206952 The High Court dismissed the revenue's appeal under Section 35G of the Central Excise Act, 1944 against the Tribunal's order. The Court upheld the decision that no interest was payable on unutilized Cenvat credit but confirmed the liability for interest on the utilized credit of Rs. 91,000 wrongly availed by the assessee. The Court concurred with the lower authorities that there was no justification for demanding tax or interest on the reversed and unutilized Cenvat credit, ultimately leading to the dismissal of the appeal. Case-Laws Service Tax Fri, 24 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206952