https://www.taxtmi.com/caselaws?id=428631 The Tribunal set aside the order rejecting a refund claim for interest calculation post-amendment to Rule 14 of Cenvat Credit Rules, 2004. It held that all credits, not just service tax credit, should be considered for re-quantifying interest. The Adjudicating Authority erred in only considering the service tax credit balance. The Tribunal directed a reassessment based on the total credit of input, input service, and capital goods, stating that if the consolidated credit balance exceeded the reversed credit, no interest would be payable post 17.3.2012. The matter was remanded for a new decision within three months. en-us Thu, 04 Aug 2022 00:00:00 +0530 Thu, 06 Oct 2022 23:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428631 The Tribunal set aside the order rejecting a refund claim for interest calculation post-amendment to Rule 14 of Cenvat Credit Rules, 2004. It held that all credits, not just service tax credit, should be considered for re-quantifying interest. The Adjudicating Authority erred in only considering the service tax credit balance. The Tribunal directed a reassessment based on the total credit of input, input service, and capital goods, stating that if the consolidated credit balance exceeded the reversed credit, no interest would be payable post 17.3.2012. The matter was remanded for a new decision within three months. Case-Laws Central Excise Thu, 04 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428631