https://www.taxtmi.com/caselaws?id=340335 The Tribunal upheld the Department's order in a case concerning inadmissible Cenvat Credit availed during a period when the final product was duty-exempt. The appellant reversed the credit but was ordered to pay interest under the Central Excise Act. Despite arguments against interest levy, citing cases where reversal without utilization did not attract interest, the Tribunal ruled in favor of the Department. Relying on precedent, including the Supreme Court's decision, the Tribunal concluded that interest is payable on inadmissible credit even if reversed without utilization. The appeal was dismissed, affirming the Department's order. en-us Tue, 24 Jan 2017 00:00:00 +0530 Mon, 20 Mar 2017 10:32:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340335 The Tribunal upheld the Department's order in a case concerning inadmissible Cenvat Credit availed during a period when the final product was duty-exempt. The appellant reversed the credit but was ordered to pay interest under the Central Excise Act. Despite arguments against interest levy, citing cases where reversal without utilization did not attract interest, the Tribunal ruled in favor of the Department. Relying on precedent, including the Supreme Court's decision, the Tribunal concluded that interest is payable on inadmissible credit even if reversed without utilization. The appeal was dismissed, affirming the Department's order. Case-Laws Central Excise Tue, 24 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340335