https://www.taxtmi.com/caselaws?id=216330 The Tribunal disposed of the appeal in favor of the appellant, setting aside the impugned order and allowing the appeal. The appellant's argument that interest should not be payable as the credit was not utilized wrongly was accepted. The Tribunal clarified that interest on Cenvat credit is only payable if the credit was wrongly taken and utilized, not simply for wrong availment. This decision provides guidance on the interpretation of Cenvat credit rules and liability for interest, emphasizing the importance of proper credit utilization to determine liability. en-us Mon, 07 Feb 2011 00:00:00 +0530 Thu, 16 May 2013 14:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216330 The Tribunal disposed of the appeal in favor of the appellant, setting aside the impugned order and allowing the appeal. The appellant's argument that interest should not be payable as the credit was not utilized wrongly was accepted. The Tribunal clarified that interest on Cenvat credit is only payable if the credit was wrongly taken and utilized, not simply for wrong availment. This decision provides guidance on the interpretation of Cenvat credit rules and liability for interest, emphasizing the importance of proper credit utilization to determine liability. Case-Laws Central Excise Mon, 07 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216330