https://www.taxtmi.com/caselaws?id=3856 Interest under Rule 14 of the Cenvat Credit Rules, 2004 read with Section 11AB of the Central Excise Act was held not recoverable where credit on received inputs was initially taken lawfully and the goods were later found sub-standard, destroyed, and the credit was reversed after receipt. The operative reason was that the credit could not be treated as wrongly taken merely because the inputs were ultimately not used in manufacture. In the absence of a factual basis showing wrongful availment of credit for interest purposes, the demand for interest could not be sustained. en-us Fri, 23 Nov 2007 00:00:00 +0530 Tue, 06 May 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3856 Interest under Rule 14 of the Cenvat Credit Rules, 2004 read with Section 11AB of the Central Excise Act was held not recoverable where credit on received inputs was initially taken lawfully and the goods were later found sub-standard, destroyed, and the credit was reversed after receipt. The operative reason was that the credit could not be treated as wrongly taken merely because the inputs were ultimately not used in manufacture. In the absence of a factual basis showing wrongful availment of credit for interest purposes, the demand for interest could not be sustained. Case-Laws Central Excise Fri, 23 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3856