https://www.taxtmi.com/caselaws?id=335937 The Tribunal upheld the chargeability of interest on the wrong availment of Cenvat Credit by M/s Shree Cement Ltd. despite the reversal of the credit without utilization. Citing legal precedents, including a Supreme Court decision, the Tribunal ruled that interest liability arises even if the credit is not utilized but wrongly taken. The appeals were rejected, and the liability for interest amounting to Rs. 35,14,493 was upheld based on established legal principles. en-us Fri, 25 Nov 2016 00:00:00 +0530 Tue, 27 Dec 2016 17:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335937 The Tribunal upheld the chargeability of interest on the wrong availment of Cenvat Credit by M/s Shree Cement Ltd. despite the reversal of the credit without utilization. Citing legal precedents, including a Supreme Court decision, the Tribunal ruled that interest liability arises even if the credit is not utilized but wrongly taken. The appeals were rejected, and the liability for interest amounting to Rs. 35,14,493 was upheld based on established legal principles. Case-Laws Central Excise Fri, 25 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335937