https://www.taxtmi.com/caselaws?id=265392 Interest is payable on wrongly availed Cenvat credit under Rule 14 of the Cenvat Credit Rules, 2004 read with Section 11AB of the Central Excise Act, 1944 even where the credit is reversed before utilisation. The Court followed its earlier binding precedent and rejected the Tribunal's view that pre-utilisation reversal by itself defeats the levy of interest. The issue was answered against the assessee and in favour of the Revenue, and the Revenue's demand for interest was restored. en-us Fri, 31 Jan 2014 00:00:00 +0530 Thu, 08 Oct 2015 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265392 Interest is payable on wrongly availed Cenvat credit under Rule 14 of the Cenvat Credit Rules, 2004 read with Section 11AB of the Central Excise Act, 1944 even where the credit is reversed before utilisation. The Court followed its earlier binding precedent and rejected the Tribunal's view that pre-utilisation reversal by itself defeats the levy of interest. The issue was answered against the assessee and in favour of the Revenue, and the Revenue's demand for interest was restored. Case-Laws Central Excise Fri, 31 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265392