https://www.taxtmi.com/caselaws?id=387618 The Tribunal held that the appellant was not liable to pay interest on the belated reversal of Cenvat credit as the credit was not utilized for duty payment, resulting in no loss to the government exchequer. The purpose of interest recovery is to compensate for delayed revenue receipt, which did not apply in this case. The appeal was allowed with consequential relief in accordance with the law. en-us Thu, 24 Oct 2019 00:00:00 +0530 Sat, 26 Oct 2019 08:03:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387618 The Tribunal held that the appellant was not liable to pay interest on the belated reversal of Cenvat credit as the credit was not utilized for duty payment, resulting in no loss to the government exchequer. The purpose of interest recovery is to compensate for delayed revenue receipt, which did not apply in this case. The appeal was allowed with consequential relief in accordance with the law. Case-Laws Central Excise Thu, 24 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387618