https://www.taxtmi.com/caselaws?id=345221 Rule 14 of the CENVAT Credit Rules, 2004 was applied to credit wrongly availed but reversed before utilisation, and interest was held not recoverable where the disputed credit was only a book entry and the assessee had sufficient accumulated credit. The absence of fraud, suppression, or deliberate conduct also meant that invocation of the extended limitation period under Section 11A of the Central Excise Act, 1944 was not sustainable. On that basis, recovery proceedings failed and the demand was held unsustainable. en-us Tue, 23 May 2017 00:00:00 +0530 Wed, 12 Jul 2017 07:05:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345221 Rule 14 of the CENVAT Credit Rules, 2004 was applied to credit wrongly availed but reversed before utilisation, and interest was held not recoverable where the disputed credit was only a book entry and the assessee had sufficient accumulated credit. The absence of fraud, suppression, or deliberate conduct also meant that invocation of the extended limitation period under Section 11A of the Central Excise Act, 1944 was not sustainable. On that basis, recovery proceedings failed and the demand was held unsustainable. Case-Laws Central Excise Tue, 23 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345221