https://www.taxtmi.com/caselaws?id=272077 The Tribunal ruled in favor of the appellant, a 100% EOU, in a case involving denial of CENVAT Credit on CHA services and interest charges. It held that reversing credit before utilization does not attract interest liability under Section 11AB, aligning with past decisions. The appellant's action of reversing credit before actual utilization was deemed not constituting credit availed, thus eliminating interest payment liability. The judgment clarified the distinction between availing and reversing credit before utilization, ultimately overturning the order confirming interest payment. en-us Thu, 07 Jan 2016 00:00:00 +0530 Sat, 01 Oct 2016 15:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272077 The Tribunal ruled in favor of the appellant, a 100% EOU, in a case involving denial of CENVAT Credit on CHA services and interest charges. It held that reversing credit before utilization does not attract interest liability under Section 11AB, aligning with past decisions. The appellant's action of reversing credit before actual utilization was deemed not constituting credit availed, thus eliminating interest payment liability. The judgment clarified the distinction between availing and reversing credit before utilization, ultimately overturning the order confirming interest payment. Case-Laws Central Excise Thu, 07 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272077