https://www.taxtmi.com/caselaws?id=352269 The judgment in this case ruled in favor of the appellant, holding that interest on allegedly wrongly availed Cenvat credit was not applicable. The court found that as per Rule 14 of the Cenvat Credit Rules, interest is chargeable only when credit is wrongly taken or utilized. Since the appellant had legally availed the credit and reversed it upon deciding not to use the goods, the demand for interest was deemed incorrect. The impugned order was set aside, allowing the appeal and disposing of the case. en-us Fri, 06 Oct 2017 00:00:00 +0530 Wed, 20 Dec 2017 14:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352269 The judgment in this case ruled in favor of the appellant, holding that interest on allegedly wrongly availed Cenvat credit was not applicable. The court found that as per Rule 14 of the Cenvat Credit Rules, interest is chargeable only when credit is wrongly taken or utilized. Since the appellant had legally availed the credit and reversed it upon deciding not to use the goods, the demand for interest was deemed incorrect. The impugned order was set aside, allowing the appeal and disposing of the case. Case-Laws Central Excise Fri, 06 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352269