https://www.taxtmi.com/forum/issue?id=107928 Interest on wrongly availed CENVAT credit is payable from the date the credit was taken (the accounting/availment date) until the date of repayment or reversal. Utilisation of wrongly taken credit to discharge duty exposes the final product to treatment as non-duty-paid and may attract confiscation and penalty. If sufficient credit balance exists to adjust the wrong availment, separate interest payment may not be required. The obligations arise under the CENVAT Credit Rules. en-us Sat, 31 Jan 2015 12:01:18 +0530 Thu, 23 Jan 2025 15:57:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107928 Interest on wrongly availed CENVAT credit is payable from the date the credit was taken (the accounting/availment date) until the date of repayment or reversal. Utilisation of wrongly taken credit to discharge duty exposes the final product to treatment as non-duty-paid and may attract confiscation and penalty. If sufficient credit balance exists to adjust the wrong availment, separate interest payment may not be required. The obligations arise under the CENVAT Credit Rules. Discussion-Forum Central Excise Sat, 31 Jan 2015 12:01:18 +0530 https://www.taxtmi.com/forum/issue?id=107928