https://www.taxtmi.com/caselaws?id=266388 The Appellate Tribunal CESTAT Ahmedabad, in a judgment by Mr. P.K. Das, ruled that interest is not payable on wrongly availed and subsequently reversed Cenvat Credit. The Tribunal rejected the Revenue's appeal, citing various precedents and emphasizing the difference between availing credit and its actual utilization. The decision underscored that mere reversal of credit does not always necessitate interest payment, aligning with previous judicial interpretations. en-us Thu, 12 Feb 2015 00:00:00 +0530 Wed, 29 Jul 2015 16:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266388 The Appellate Tribunal CESTAT Ahmedabad, in a judgment by Mr. P.K. Das, ruled that interest is not payable on wrongly availed and subsequently reversed Cenvat Credit. The Tribunal rejected the Revenue's appeal, citing various precedents and emphasizing the difference between availing credit and its actual utilization. The decision underscored that mere reversal of credit does not always necessitate interest payment, aligning with previous judicial interpretations. Case-Laws Central Excise Thu, 12 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266388