https://www.taxtmi.com/caselaws?id=347857 Interest on wrongly availed Cenvat credit was held chargeable from the date of availment, because Section 11AB of the Central Excise Act, 1944 links interest to the wrongful taking of credit and not to the later order directing reversal. The reliance on refund-related provisions was rejected as misplaced. Cenvat credit claimed on an estimated basis under SION norms without the prescribed supporting documents was also held inadmissible, since credit must be taken only within the statutory framework and in the manner authorised by law, even where the goods are exported. Both the challenge to interest and the claim for estimated credit failed. en-us Fri, 01 Sep 2017 00:00:00 +0530 Sat, 07 Oct 2017 14:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347857 Interest on wrongly availed Cenvat credit was held chargeable from the date of availment, because Section 11AB of the Central Excise Act, 1944 links interest to the wrongful taking of credit and not to the later order directing reversal. The reliance on refund-related provisions was rejected as misplaced. Cenvat credit claimed on an estimated basis under SION norms without the prescribed supporting documents was also held inadmissible, since credit must be taken only within the statutory framework and in the manner authorised by law, even where the goods are exported. Both the challenge to interest and the claim for estimated credit failed. Case-Laws Central Excise Fri, 01 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347857