https://www.taxtmi.com/caselaws?id=269746 The Tribunal set aside the order demanding interest on wrongly taken credit that was reversed before utilization, ruling in favor of the appellant. The Tribunal held that interest is not chargeable on credit reversed before utilization, aligning with precedents and the analysis of conflicting judgments from various High Courts. The appellant's argument was supported by relevant case law, ultimately leading to the appeals being allowed and the interest demand being rejected. en-us Tue, 24 Nov 2015 00:00:00 +0530 Mon, 21 Dec 2015 16:24:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269746 The Tribunal set aside the order demanding interest on wrongly taken credit that was reversed before utilization, ruling in favor of the appellant. The Tribunal held that interest is not chargeable on credit reversed before utilization, aligning with precedents and the analysis of conflicting judgments from various High Courts. The appellant's argument was supported by relevant case law, ultimately leading to the appeals being allowed and the interest demand being rejected. Case-Laws Central Excise Tue, 24 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269746