https://www.taxtmi.com/caselaws?id=280196 The Tribunal allowed the appeal against the confirmation of interest liability under the Central Excise Act. The appellant had inadvertently taken excess credit, which was reversed before utilization. Citing precedents, the Tribunal emphasized that no interest is payable when irregular credit is not utilized. Relying on the principle that reversal of credit before utilization equates to not taking credit, the Tribunal set aside the demand for interest on unutilized CENVAT Credit. Consequently, the impugned order was modified to exclude the interest demand, ruling in favor of the appellant. en-us Wed, 11 Jul 2018 00:00:00 +0530 Thu, 25 Apr 2019 06:27:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280196 The Tribunal allowed the appeal against the confirmation of interest liability under the Central Excise Act. The appellant had inadvertently taken excess credit, which was reversed before utilization. Citing precedents, the Tribunal emphasized that no interest is payable when irregular credit is not utilized. Relying on the principle that reversal of credit before utilization equates to not taking credit, the Tribunal set aside the demand for interest on unutilized CENVAT Credit. Consequently, the impugned order was modified to exclude the interest demand, ruling in favor of the appellant. Case-Laws Central Excise Wed, 11 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280196