https://www.taxtmi.com/caselaws?id=173983 Interest on irregular Cenvat credit turned on whether the ineligible credit was actually utilised, as the assessee had already accepted reversal of the credit. The Tribunal noted that the credit account extract relied on before it was not before the lower appellate authority, and the precedent on interest and utilisation had not been examined below. A factual finding on the extent of utilisation was therefore necessary before interest could be applied. The matter was remanded to the Commissioner (Appeals) for fresh decision after due opportunity. en-us Tue, 02 Mar 2010 00:00:00 +0530 Fri, 25 Sep 2015 18:19:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173983 Interest on irregular Cenvat credit turned on whether the ineligible credit was actually utilised, as the assessee had already accepted reversal of the credit. The Tribunal noted that the credit account extract relied on before it was not before the lower appellate authority, and the precedent on interest and utilisation had not been examined below. A factual finding on the extent of utilisation was therefore necessary before interest could be applied. The matter was remanded to the Commissioner (Appeals) for fresh decision after due opportunity. Case-Laws Central Excise Tue, 02 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173983