https://www.taxtmi.com/caselaws?id=1526 Interest on wrongly taken Modvat credit could not be recovered where the credit was only reflected as an entry in RG-23A Part-II and was not actually utilised. The assessee had claimed credit without the required certificate under Rule 57E of the Central Excise Rules, 1944, but the Tribunal found on facts that the credit was never availed in substance. As no duty liability arose from mere book entry without actual availment of credit, the demand for interest failed. Interest was therefore not recoverable from the assessee. en-us Tue, 10 Oct 2006 00:00:00 +0530 Thu, 10 Jan 2019 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1526 Interest on wrongly taken Modvat credit could not be recovered where the credit was only reflected as an entry in RG-23A Part-II and was not actually utilised. The assessee had claimed credit without the required certificate under Rule 57E of the Central Excise Rules, 1944, but the Tribunal found on facts that the credit was never availed in substance. As no duty liability arose from mere book entry without actual availment of credit, the demand for interest failed. Interest was therefore not recoverable from the assessee. Case-Laws Central Excise Tue, 10 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1526