https://www.taxtmi.com/caselaws?id=334494 The tribunal ruled in favor of the appellant, setting aside the demand for interest on wrongly availed CENVAT credit. The tribunal held that interest should be levied from the date of actual utilization, not from the date of the credit availment error. The appellant's voluntary reversal of the excess credit before utilization was deemed as non-availment, thus exempting them from interest and penalty under Rule 15(1) of CCR, 2004. The tribunal's decision aligned with the Karnataka High Court precedent in Commissioner of Central Excise vs. Bill Forge, providing relief to the appellant. en-us Thu, 03 Nov 2016 00:00:00 +0530 Tue, 15 Nov 2016 12:48:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334494 The tribunal ruled in favor of the appellant, setting aside the demand for interest on wrongly availed CENVAT credit. The tribunal held that interest should be levied from the date of actual utilization, not from the date of the credit availment error. The appellant's voluntary reversal of the excess credit before utilization was deemed as non-availment, thus exempting them from interest and penalty under Rule 15(1) of CCR, 2004. The tribunal's decision aligned with the Karnataka High Court precedent in Commissioner of Central Excise vs. Bill Forge, providing relief to the appellant. Case-Laws Central Excise Thu, 03 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334494