https://www.taxtmi.com/caselaws?id=271404 Interest under section 11AB of the Central Excise Act, 1944 was held unrecoverable where the inadmissible Cenvat credit had already been voluntarily reversed before the show cause notice. The absence of suppression or misdeclaration, previously recorded while deleting penalty under section 11AC and not challenged by the Revenue, supported the conclusion that interest could not be sustained. The delayed issuance of the notice, nearly three years later, also weighed against recovery because proceedings for interest must be initiated within the applicable limitation period. The matter was therefore decided in favour of the assessee. en-us Fri, 01 Jan 2016 00:00:00 +0530 Thu, 04 Feb 2016 07:00:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271404 Interest under section 11AB of the Central Excise Act, 1944 was held unrecoverable where the inadmissible Cenvat credit had already been voluntarily reversed before the show cause notice. The absence of suppression or misdeclaration, previously recorded while deleting penalty under section 11AC and not challenged by the Revenue, supported the conclusion that interest could not be sustained. The delayed issuance of the notice, nearly three years later, also weighed against recovery because proceedings for interest must be initiated within the applicable limitation period. The matter was therefore decided in favour of the assessee. Case-Laws Central Excise Fri, 01 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271404