https://www.taxtmi.com/caselaws?id=194785 Rule 14 of the Cenvat Credit Rules, 2004 does not justify interest where wrong credit was taken but reversed before utilisation, because interest is compensatory and arises only when the credit is actually used or duty is effectively withheld; on that issue, the Revenue's challenge failed. On the separate question of credit claimed on a photocopy of the duplicate Bill of Entry, the supporting material had not been properly verified and the factual basis for admissibility remained unresolved; the matter was therefore remanded for fresh examination of the credit claim. en-us Wed, 30 Nov 2016 00:00:00 +0530 Wed, 29 Nov 2017 18:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194785 Rule 14 of the Cenvat Credit Rules, 2004 does not justify interest where wrong credit was taken but reversed before utilisation, because interest is compensatory and arises only when the credit is actually used or duty is effectively withheld; on that issue, the Revenue's challenge failed. On the separate question of credit claimed on a photocopy of the duplicate Bill of Entry, the supporting material had not been properly verified and the factual basis for admissibility remained unresolved; the matter was therefore remanded for fresh examination of the credit claim. Case-Laws Central Excise Wed, 30 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194785