https://www.taxtmi.com/caselaws?id=334893 The CESTAT Bangalore upheld the jurisdictional HC ruling that interest under Rule 14 of the Cenvat Credit Rules, 2004, read with Section 11AB of the Central Excise Act, does not arise where Cenvat credit was availed but reversed before utilization. Despite contrary views from other HCs, the tribunal affirmed the binding nature of the Karnataka HC decision in Bill Forge Pvt. Ltd. for the facts and territory involved. Since the appellant reversed the wrongly availed credit prior to duty payment, no interest liability was imposed. en-us Mon, 29 Feb 2016 00:00:00 +0530 Thu, 24 Jul 2025 15:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334893 The CESTAT Bangalore upheld the jurisdictional HC ruling that interest under Rule 14 of the Cenvat Credit Rules, 2004, read with Section 11AB of the Central Excise Act, does not arise where Cenvat credit was availed but reversed before utilization. Despite contrary views from other HCs, the tribunal affirmed the binding nature of the Karnataka HC decision in Bill Forge Pvt. Ltd. for the facts and territory involved. Since the appellant reversed the wrongly availed credit prior to duty payment, no interest liability was imposed. Case-Laws Central Excise Mon, 29 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334893