https://www.taxtmi.com/highlights?id=66999 Levy of interest and penalty - Reversal of CENVAT Credit (without utilization) on being pointed out, before issuance of SCN - period from January, 2005 to March, 2007 - the interest is chargeable in event of either wrongly availed credit or wrongly utilized. Therefore, even though the credit was not utilized but since the credit was wrongly availed the interest is unavoidably chargeable. - AT en-us Fri, 09 Dec 2022 10:26:04 +0530 Fri, 09 Dec 2022 10:26:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=66999 Levy of interest and penalty - Reversal of CENVAT Credit (without utilization) on being pointed out, before issuance of SCN - period from January, 2005 to March, 2007 - the interest is chargeable in event of either wrongly availed credit or wrongly utilized. Therefore, even though the credit was not utilized but since the credit was wrongly availed the interest is unavoidably chargeable. - AT Highlights Central Excise Fri, 09 Dec 2022 10:26:04 +0530 https://www.taxtmi.com/highlights?id=66999