https://www.taxtmi.com/caselaws?id=371533 Interest is recoverable under Rule 14 of the CENVAT Credit Rules, 2004 when credit is wrongly taken, wrongly utilised, or erroneously refunded, and later reversal of the credit does not by itself extinguish the liability arising from wrongful availment. In the same matter, the applicability of Rule 6(3AA) was left for reconsideration by the adjudicating authority in de novo proceedings, where the parties' submissions on net liability were to be examined afresh in accordance with law. en-us Thu, 15 Nov 2018 00:00:00 +0530 Thu, 13 Feb 2020 18:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371533 Interest is recoverable under Rule 14 of the CENVAT Credit Rules, 2004 when credit is wrongly taken, wrongly utilised, or erroneously refunded, and later reversal of the credit does not by itself extinguish the liability arising from wrongful availment. In the same matter, the applicability of Rule 6(3AA) was left for reconsideration by the adjudicating authority in de novo proceedings, where the parties' submissions on net liability were to be examined afresh in accordance with law. Case-Laws Central Excise Thu, 15 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371533