https://www.taxtmi.com/caselaws?id=294957 The demand of irregular Cenvat credit of Rs. 94,120 and interest of Rs. 9,51,500 was contested by the appellant. The Tribunal found that the appellant had already reversed the amount in question, thus setting aside the demand for Rs. 94,120. Additionally, the Tribunal held that the appellant, having sufficient credit balance, was not liable to pay any interest as per Rule 14 of the CENVAT Credit Rules. Interest was deemed unsustainable as there was no loss to the exchequer, and the appeal was disposed of in favor of the appellant with consequential benefits, if any. en-us Wed, 05 Feb 2020 00:00:00 +0530 Wed, 12 May 2021 08:26:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294957 The demand of irregular Cenvat credit of Rs. 94,120 and interest of Rs. 9,51,500 was contested by the appellant. The Tribunal found that the appellant had already reversed the amount in question, thus setting aside the demand for Rs. 94,120. Additionally, the Tribunal held that the appellant, having sufficient credit balance, was not liable to pay any interest as per Rule 14 of the CENVAT Credit Rules. Interest was deemed unsustainable as there was no loss to the exchequer, and the appeal was disposed of in favor of the appellant with consequential benefits, if any. Case-Laws Central Excise Wed, 05 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294957