https://www.taxtmi.com/caselaws?id=243457 Interest under Section 11AB was not recoverable on removal of inputs as such where the amount equal to credit availed was paid within the time prescribed by Rule 8 of the Cenvat Credit Rules, 2002. The substituted Rule 3(4) required payment of that amount on removal, but read with Rule 8(1) the duty became payable by the 5th day of the following month, and for March removals by 31 March. As payment was made before the statutory due date, there was no delay and no basis to demand interest merely because the removal had occurred earlier. en-us Fri, 10 Jan 2014 00:00:00 +0530 Tue, 02 Sep 2014 11:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243457 Interest under Section 11AB was not recoverable on removal of inputs as such where the amount equal to credit availed was paid within the time prescribed by Rule 8 of the Cenvat Credit Rules, 2002. The substituted Rule 3(4) required payment of that amount on removal, but read with Rule 8(1) the duty became payable by the 5th day of the following month, and for March removals by 31 March. As payment was made before the statutory due date, there was no delay and no basis to demand interest merely because the removal had occurred earlier. Case-Laws Central Excise Fri, 10 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243457