Appellant Not Liable for Interest on Reversed CENVAT Credit Before Notice; Rule 14 of CENVAT Credit Rules Applied.

Appellant Not Liable for Interest on Reversed CENVAT Credit Before Notice; Rule 14 of CENVAT Credit Rules Applied. https://www.taxtmi.com/highlights?id=48791 Demand of Interest - CENVAT Credit - reversed the CENVAT credit wrongly availed much before the issuance of the show-cause notice - the CENVAT credit account which shows the credit of around ₹ 1 crore during the disputed period which clearly shows that the appellant has only availed the credit and has not utilized the same - not liable to pay interest under Rule 14 of the CCR en-us Wed, 21 Aug 2019 07:49:23 +0530 Wed, 21 Aug 2019 07:49:23 +0530 TaxTMI RSS Generator Appellant Not Liable for Interest on Reversed CENVAT Credit Before Notice; Rule 14 of CENVAT Credit Rules Applied. https://www.taxtmi.com/highlights?id=48791 Demand of Interest - CENVAT Credit - reversed the CENVAT credit wrongly availed much before the issuance of the show-cause notice - the CENVAT credit account which shows the credit of around ₹ 1 crore during the disputed period which clearly shows that the appellant has only availed the credit and has not utilized the same - not liable to pay interest under Rule 14 of the CCR Highlights Central Excise Wed, 21 Aug 2019 07:49:23 +0530 https://www.taxtmi.com/highlights?id=48791