https://www.taxtmi.com/caselaws?id=216080 HC held that the assessee, a manufacturer of readymade garments availing Cenvat credit on inputs and capital goods, was not liable to pay interest for alleged short-payment/non-payment of duty and wrong availment of ineligible credit. Relying on prior precedent, HC ruled that mere entry of credit in the books does not trigger interest liability unless such credit is actually utilized to discharge duty. If wrongly availed credit is reversed before utilization, it is deemed as not taken. Finding no duty payable, HC upheld the Tribunal's order and decided in favour of the assessee and against the revenue. en-us Wed, 06 Apr 2011 00:00:00 +0530 Thu, 27 Nov 2025 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216080 HC held that the assessee, a manufacturer of readymade garments availing Cenvat credit on inputs and capital goods, was not liable to pay interest for alleged short-payment/non-payment of duty and wrong availment of ineligible credit. Relying on prior precedent, HC ruled that mere entry of credit in the books does not trigger interest liability unless such credit is actually utilized to discharge duty. If wrongly availed credit is reversed before utilization, it is deemed as not taken. Finding no duty payable, HC upheld the Tribunal's order and decided in favour of the assessee and against the revenue. Case-Laws Service Tax Wed, 06 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216080