https://www.taxtmi.com/caselaws?id=337465 The Appellate Tribunal allowed the appeal by remanding the case with specific directions. It held that the interest liability on Cenvat credit of duty availed on capital goods should be calculated by considering the combined balance of Cenvat credit and cash balance in the PLA account month-wise. The Tribunal emphasized that separate consideration of credit balances for inputs and capital goods is not legally sustainable as they merge. The Original Authority was directed to recalculate the interest liability based on the total balance available with the appellant each month. en-us Fri, 14 Oct 2016 00:00:00 +0530 Sun, 08 Jan 2017 21:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337465 The Appellate Tribunal allowed the appeal by remanding the case with specific directions. It held that the interest liability on Cenvat credit of duty availed on capital goods should be calculated by considering the combined balance of Cenvat credit and cash balance in the PLA account month-wise. The Tribunal emphasized that separate consideration of credit balances for inputs and capital goods is not legally sustainable as they merge. The Original Authority was directed to recalculate the interest liability based on the total balance available with the appellant each month. Case-Laws Central Excise Fri, 14 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337465