Assessee entitled to interest if the Department unjustly holds rightfully earned Cenvat credit

Assessee entitled to interest if the Department unjustly holds rightfully earned Cenvat credit https://www.taxtmi.com/article/detailed?id=5348 The High Court held that the Department cannot retain an assessee's rightfully earned Cenvat credit without paying compensatory interest for the period of unjustified withholding, and directed payment of interest from the date of application until grant of the credit. en-us Mon, 11 Nov 2013 13:01:43 +0530 Tue, 12 Nov 2013 15:43:53 +0530 TaxTMI RSS Generator Assessee entitled to interest if the Department unjustly holds rightfully earned Cenvat credit https://www.taxtmi.com/article/detailed?id=5348 The High Court held that the Department cannot retain an assessee's rightfully earned Cenvat credit without paying compensatory interest for the period of unjustified withholding, and directed payment of interest from the date of application until grant of the credit. Articles Cenvat Credit Mon, 11 Nov 2013 13:01:43 +0530 https://www.taxtmi.com/article/detailed?id=5348