https://www.taxtmi.com/caselaws?id=241033 Amended CENVAT credit-utilisation rules restricted use of credit to that available up to 15th of the month for duty on the first fortnight. Credit earned on 16th and 17th August could not be used for duty discharged on 19 August for the earlier fortnight, so the excess utilisation was impermissible for that period and attracted interest on the wrongly utilised amount. However, because the dispute concerned timing of utilisation under an interpretive issue and the credit was otherwise admissible, penalty was not justified and was set aside. en-us Tue, 01 Oct 2013 00:00:00 +0530 Thu, 14 May 2015 17:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241033 Amended CENVAT credit-utilisation rules restricted use of credit to that available up to 15th of the month for duty on the first fortnight. Credit earned on 16th and 17th August could not be used for duty discharged on 19 August for the earlier fortnight, so the excess utilisation was impermissible for that period and attracted interest on the wrongly utilised amount. However, because the dispute concerned timing of utilisation under an interpretive issue and the credit was otherwise admissible, penalty was not justified and was set aside. Case-Laws Central Excise Tue, 01 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241033