https://www.taxtmi.com/caselaws?id=352913 The Tribunal ruled in favor of the appellant for the refund of interest paid on ineligible Cenvat credit from 17-3-2012 to the reversal date. It held that post-amendment, interest was only chargeable when credit was both taken and utilized, and as the credit remained unutilized until the reversal date, the interest was refundable. The Tribunal emphasized that the amended rule's effect applied from the date of its implementation onwards, stating that interest was not chargeable on unutilized credit for the period after 17-3-2012. en-us Fri, 13 Oct 2017 00:00:00 +0530 Mon, 25 Dec 2017 08:48:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352913 The Tribunal ruled in favor of the appellant for the refund of interest paid on ineligible Cenvat credit from 17-3-2012 to the reversal date. It held that post-amendment, interest was only chargeable when credit was both taken and utilized, and as the credit remained unutilized until the reversal date, the interest was refundable. The Tribunal emphasized that the amended rule's effect applied from the date of its implementation onwards, stating that interest was not chargeable on unutilized credit for the period after 17-3-2012. Case-Laws Central Excise Fri, 13 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352913