https://www.taxtmi.com/caselaws?id=325525 The Tribunal upheld the interest liability of the appellant for wrongly availed cenvat credit, even if not utilized, citing the Bombay High Court's judgment. The appeal was dismissed, affirming that interest accrues upon wrongful availing of credit, as per Rule 14 of Cenvat Credit Rules, 2004, and established precedent. The decision clarifies the manufacturer or service provider's obligation to pay interest on such credit, emphasizing strict adherence to rules and higher court interpretations. This ruling sets a precedent for future cases involving recovery of cenvat credit and interest under the mentioned rule. en-us Mon, 15 Feb 2016 00:00:00 +0530 Mon, 13 Feb 2017 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325525 The Tribunal upheld the interest liability of the appellant for wrongly availed cenvat credit, even if not utilized, citing the Bombay High Court's judgment. The appeal was dismissed, affirming that interest accrues upon wrongful availing of credit, as per Rule 14 of Cenvat Credit Rules, 2004, and established precedent. The decision clarifies the manufacturer or service provider's obligation to pay interest on such credit, emphasizing strict adherence to rules and higher court interpretations. This ruling sets a precedent for future cases involving recovery of cenvat credit and interest under the mentioned rule. Case-Laws Central Excise Mon, 15 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325525