https://www.taxtmi.com/caselaws?id=336079 The Appellate Tribunal CESTAT CHANDIGARH set aside the order demanding interest on the reversal of cenvat credit by the appellant. The Tribunal held that as per Section 11AB of the Act, interest should be charged from the first day of the month succeeding the month in which duty should have been paid. Since the duty was paid by reversing cenvat credit at the end of each month, there was no default at the end of each month, making the demand for interest unsustainable. The appeal was allowed with consequential relief. en-us Wed, 28 Sep 2016 00:00:00 +0530 Mon, 06 Feb 2017 14:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336079 The Appellate Tribunal CESTAT CHANDIGARH set aside the order demanding interest on the reversal of cenvat credit by the appellant. The Tribunal held that as per Section 11AB of the Act, interest should be charged from the first day of the month succeeding the month in which duty should have been paid. Since the duty was paid by reversing cenvat credit at the end of each month, there was no default at the end of each month, making the demand for interest unsustainable. The appeal was allowed with consequential relief. Case-Laws Central Excise Wed, 28 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336079