https://www.taxtmi.com/highlights?id=48684 Demand of interest on reversal of credit - The aforesaid provisions brought into effect on 14th March, 2015 cannot be applied (retrospectively) for the credit amount already shown in the returns prior to March 2015 (i.e. August 2011 when the fire incident occurred) - when the wrong credit is not utilized for payment of final output duty on final products, neither the assessee gets any advantage nor there is any Revenue loss to the Government - Demand of interest set aside. en-us Fri, 16 Aug 2019 13:18:37 +0530 Fri, 16 Aug 2019 13:18:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=48684 Demand of interest on reversal of credit - The aforesaid provisions brought into effect on 14th March, 2015 cannot be applied (retrospectively) for the credit amount already shown in the returns prior to March 2015 (i.e. August 2011 when the fire incident occurred) - when the wrong credit is not utilized for payment of final output duty on final products, neither the assessee gets any advantage nor there is any Revenue loss to the Government - Demand of interest set aside. Highlights Central Excise Fri, 16 Aug 2019 13:18:37 +0530 https://www.taxtmi.com/highlights?id=48684