https://www.taxtmi.com/caselaws?id=328873 The Tribunal ruled in favor of M/s. Komatsu India Private Ltd., setting aside the demand for interest on wrongly availed cenvat credit for Online Information Service on a reverse charge basis. The Tribunal emphasized the importance of utilization over mere availment, stating that interest is not payable if the credit was not utilized, even if availed incorrectly. Previous rulings supporting non-utilization as a basis for exemption from interest payment were considered, leading to the decision in favor of the appellant based on the distinction between availment and utilization of credit. en-us Fri, 03 Jun 2016 00:00:00 +0530 Thu, 16 Jun 2016 14:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328873 The Tribunal ruled in favor of M/s. Komatsu India Private Ltd., setting aside the demand for interest on wrongly availed cenvat credit for Online Information Service on a reverse charge basis. The Tribunal emphasized the importance of utilization over mere availment, stating that interest is not payable if the credit was not utilized, even if availed incorrectly. Previous rulings supporting non-utilization as a basis for exemption from interest payment were considered, leading to the decision in favor of the appellant based on the distinction between availment and utilization of credit. Case-Laws Service Tax Fri, 03 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328873