https://www.taxtmi.com/caselaws?id=267182 The Court clarified that interest under Section 11AB of the Act would be leviable from the month following the erroneous credit utilization until the payment of the wrongly utilized credit. The appellant's utilization of AED credit from the period before 1.4.2000 in 2003 triggered interest liability from the date of such utilization. Additionally, the Court considered the appellant's claim for the benefit of the amendment introduced by the Finance Act, 2005, which specified interest rates on wrongly utilized credit. The Court emphasized that the Tribunal's decision was in line with the statutory provisions and did not warrant interference. No substantial question of law arose, leading to the dismissal of the appeal. en-us Thu, 27 Aug 2015 00:00:00 +0530 Wed, 03 Feb 2016 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267182 The Court clarified that interest under Section 11AB of the Act would be leviable from the month following the erroneous credit utilization until the payment of the wrongly utilized credit. The appellant's utilization of AED credit from the period before 1.4.2000 in 2003 triggered interest liability from the date of such utilization. Additionally, the Court considered the appellant's claim for the benefit of the amendment introduced by the Finance Act, 2005, which specified interest rates on wrongly utilized credit. The Court emphasized that the Tribunal's decision was in line with the statutory provisions and did not warrant interference. No substantial question of law arose, leading to the dismissal of the appeal. Case-Laws Central Excise Thu, 27 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267182