https://www.taxtmi.com/caselaws?id=239853 Voluntary reversal of cenvat credit can still attract interest where retrospective amendments fasten that liability. The assessee had already reversed the credit before the Tribunal, so the dispute before the HC was confined to interest. On that basis, the Court accepted that once the principal credit stood reversed, the statutory consequence of interest followed under the retrospective operation of Sections 82 and 83 of the Finance Act, 2005, and the Tribunal's view required no interference. The interest liability was thus sustained against the assessee. en-us Thu, 24 Oct 2013 00:00:00 +0530 Sat, 23 Nov 2013 13:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239853 Voluntary reversal of cenvat credit can still attract interest where retrospective amendments fasten that liability. The assessee had already reversed the credit before the Tribunal, so the dispute before the HC was confined to interest. On that basis, the Court accepted that once the principal credit stood reversed, the statutory consequence of interest followed under the retrospective operation of Sections 82 and 83 of the Finance Act, 2005, and the Tribunal's view required no interference. The interest liability was thus sustained against the assessee. Case-Laws Central Excise Thu, 24 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239853