https://www.taxtmi.com/caselaws?id=250946 The Tribunal ruled in favor of the Revenue, directing the appellant to deposit the demanded amounts for wrongly availed Cenvat credit on capital goods and SIM Cards. The appellant's argument that interest should not be payable until credit utilization was rejected, emphasizing that interest is due once credit is wrongly taken. The Tribunal deemed SIM Cards as admissible inputs but upheld the interest demand for the wrongly taken credit. A stay against recovery was granted during the appeal process. en-us Mon, 20 Jan 2014 00:00:00 +0530 Fri, 29 Aug 2014 23:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250946 The Tribunal ruled in favor of the Revenue, directing the appellant to deposit the demanded amounts for wrongly availed Cenvat credit on capital goods and SIM Cards. The appellant's argument that interest should not be payable until credit utilization was rejected, emphasizing that interest is due once credit is wrongly taken. The Tribunal deemed SIM Cards as admissible inputs but upheld the interest demand for the wrongly taken credit. A stay against recovery was granted during the appeal process. Case-Laws Service Tax Mon, 20 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250946