https://www.taxtmi.com/caselaws?id=176755 Interest under Section 11AB was held to be compensatory and payable only when duty remains unpaid or wrongly withheld. Where Cenvat credit was wrongly availed but reversed before utilisation, mere wrongful availment did not create a continuing liability to interest. On that basis, the related penalty also could not survive, and the assessee succeeded. en-us Fri, 24 Apr 2015 00:00:00 +0530 Mon, 28 Dec 2015 21:08:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176755 Interest under Section 11AB was held to be compensatory and payable only when duty remains unpaid or wrongly withheld. Where Cenvat credit was wrongly availed but reversed before utilisation, mere wrongful availment did not create a continuing liability to interest. On that basis, the related penalty also could not survive, and the assessee succeeded. Case-Laws Central Excise Fri, 24 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176755