https://www.taxtmi.com/article/detailed?id=5226 The amendment to Rule 14 of the Cenvat Credit Rules means that where Cenvat credit was availed irregularly but not utilised to discharge duty or other liabilities after the amendment, interest need not be levied; because interest is compensatory, a penal provision modified in favour of the assessee applies to pending cases and displaces the earlier interest regime for those matters. en-us Wed, 07 Aug 2013 18:37:10 +0530 Wed, 07 Aug 2013 18:37:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5226 The amendment to Rule 14 of the Cenvat Credit Rules means that where Cenvat credit was availed irregularly but not utilised to discharge duty or other liabilities after the amendment, interest need not be levied; because interest is compensatory, a penal provision modified in favour of the assessee applies to pending cases and displaces the earlier interest regime for those matters. Articles Central Excise Wed, 07 Aug 2013 18:37:10 +0530 https://www.taxtmi.com/article/detailed?id=5226