https://www.taxtmi.com/caselaws?id=218897 HC held that interest on wrongly availed CENVAT credit is compensatory and arises only when tax is actually withheld beyond its due date. Following its earlier view, HC ruled that interest cannot be levied merely from the date of wrongful availment of credit if such credit remains unutilized in the CENVAT account. Liability to interest arises only from the date of actual utilization or wrongful taking resulting in short payment of duty. Consequently, the demand for interest from the date of mere availment was set aside, in favour of the assessee. en-us Fri, 02 Mar 2012 00:00:00 +0530 Wed, 03 Dec 2025 15:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218897 HC held that interest on wrongly availed CENVAT credit is compensatory and arises only when tax is actually withheld beyond its due date. Following its earlier view, HC ruled that interest cannot be levied merely from the date of wrongful availment of credit if such credit remains unutilized in the CENVAT account. Liability to interest arises only from the date of actual utilization or wrongful taking resulting in short payment of duty. Consequently, the demand for interest from the date of mere availment was set aside, in favour of the assessee. Case-Laws Central Excise Fri, 02 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218897