https://www.taxtmi.com/caselaws?id=252138 Cenvat credit wrongly availed on inputs cleared as such remains liable to interest from the date of clearance, because the credit becomes reversible when the inputs leave the factory without use in manufacture. Reversal only at month-end does not cure the wrongful availment or remove the burden for the period during which the credit was retained. The Tribunal treated the intervening deprivation of duty as sufficient to sustain interest, and upheld the demand. en-us Tue, 12 Nov 2013 00:00:00 +0530 Sun, 12 Oct 2014 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252138 Cenvat credit wrongly availed on inputs cleared as such remains liable to interest from the date of clearance, because the credit becomes reversible when the inputs leave the factory without use in manufacture. Reversal only at month-end does not cure the wrongful availment or remove the burden for the period during which the credit was retained. The Tribunal treated the intervening deprivation of duty as sufficient to sustain interest, and upheld the demand. Case-Laws Central Excise Tue, 12 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252138