https://www.taxtmi.com/caselaws?id=213411 Interest is payable on wrongly availed CENVAT credit even where the credit was not utilised. The text applies the principle under Rule 14 of the CENVAT Credit Rules that wrongful availment itself triggers interest liability, and it rejects the argument that non-utilisation avoids that consequence. The discussion concerns credit taken on capital goods sent for re-conditioning or modification and not received back within the prescribed time, with the demand for interest upheld and the appeal rejected. en-us Mon, 06 Jun 2011 00:00:00 +0530 Mon, 16 Apr 2012 18:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213411 Interest is payable on wrongly availed CENVAT credit even where the credit was not utilised. The text applies the principle under Rule 14 of the CENVAT Credit Rules that wrongful availment itself triggers interest liability, and it rejects the argument that non-utilisation avoids that consequence. The discussion concerns credit taken on capital goods sent for re-conditioning or modification and not received back within the prescribed time, with the demand for interest upheld and the appeal rejected. Case-Laws Central Excise Mon, 06 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213411