https://www.taxtmi.com/highlights?id=3076 Interest for taking the Cenvat credit wrongly - assessee had availed wrongly the Cenvat credit on capital goods - Before the credit was taken or utilized, the mistake was brought to its notice. The assessee accepted the mistake and immediately reversed the entry - Without the liability to pay duty, the liability to pay interest would not arise. - HC en-us Fri, 02 Mar 2012 00:08:00 +0530 Fri, 02 Mar 2012 00:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=3076 Interest for taking the Cenvat credit wrongly - assessee had availed wrongly the Cenvat credit on capital goods - Before the credit was taken or utilized, the mistake was brought to its notice. The assessee accepted the mistake and immediately reversed the entry - Without the liability to pay duty, the liability to pay interest would not arise. - HC Highlights Central Excise Fri, 02 Mar 2012 00:08:00 +0530 https://www.taxtmi.com/highlights?id=3076