https://www.taxtmi.com/caselaws?id=170763 Cenvat credit of additional duty of excise was permitted only from the effective date of 01-03-2003, so utilisation on 19-02-2003 was premature. Because the assessee had sufficient credit balance and the wrong use was only an advance utilisation, denial of the entire credit was not justified. The legal consequence was limited to interest for the period of premature utilisation under Section 11AB, and penalty was not warranted since the dispute depended on interpretation of the credit provision. The entire credit denial and penalties were set aside. en-us Tue, 01 Oct 2013 00:00:00 +0530 Tue, 19 May 2015 14:35:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170763 Cenvat credit of additional duty of excise was permitted only from the effective date of 01-03-2003, so utilisation on 19-02-2003 was premature. Because the assessee had sufficient credit balance and the wrong use was only an advance utilisation, denial of the entire credit was not justified. The legal consequence was limited to interest for the period of premature utilisation under Section 11AB, and penalty was not warranted since the dispute depended on interpretation of the credit provision. The entire credit denial and penalties were set aside. Case-Laws Central Excise Tue, 01 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170763