https://www.taxtmi.com/forum/issue?id=3783 Interest on reversal of DEPB is payable where the licence has been utilised; interest runs from the date of utilisation-identified by one respondent as the Bill of Entry date-until reversal. CENVAT credits must be reversed with interest when the licence was utilised. The applicable interest rate varies with the DEPB issuance date; if the licence remains unutilised it may be surrendered to the issuing authority to close the file. en-us Sat, 04 Feb 2012 15:41:45 +0530 Thu, 23 Jan 2025 15:58:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3783 Interest on reversal of DEPB is payable where the licence has been utilised; interest runs from the date of utilisation-identified by one respondent as the Bill of Entry date-until reversal. CENVAT credits must be reversed with interest when the licence was utilised. The applicable interest rate varies with the DEPB issuance date; if the licence remains unutilised it may be surrendered to the issuing authority to close the file. Discussion-Forum Customs Sat, 04 Feb 2012 15:41:45 +0530 https://www.taxtmi.com/forum/issue?id=3783