https://www.taxtmi.com/caselaws?id=267702 The appellant, involved in manufacturing, admitted to availing CENVAT credit twice on certain invoices but promptly reversed the credit upon discovery. Despite this, interest and penalty were imposed. The appellant argued that no interest liability arises if credit is reversed before utilization, citing relevant case law. The respondent, however, relied on a different judgment to support the imposition of interest even if the credit is not utilized. The conflicting decisions led the Tribunal to refer the matter to a Larger Bench to resolve the question of interest liability in such cases. en-us Thu, 23 Jul 2015 00:00:00 +0530 Mon, 04 Jan 2016 17:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267702 The appellant, involved in manufacturing, admitted to availing CENVAT credit twice on certain invoices but promptly reversed the credit upon discovery. Despite this, interest and penalty were imposed. The appellant argued that no interest liability arises if credit is reversed before utilization, citing relevant case law. The respondent, however, relied on a different judgment to support the imposition of interest even if the credit is not utilized. The conflicting decisions led the Tribunal to refer the matter to a Larger Bench to resolve the question of interest liability in such cases. Case-Laws Central Excise Thu, 23 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267702