https://www.taxtmi.com/article/detailed?id=11534 The tribunal held that substitution of Rule 14 to the effect of requiring credits to be both taken and utilized demonstrates that interest cannot be imposed where CENVAT credit was merely taken and later reversed without utilization; given the appellant had sufficient credit balance and there was no revenue loss, interest imposition was set aside. en-us Sat, 24 Jun 2023 10:18:41 +0530 Sat, 24 Jun 2023 10:18:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11534 The tribunal held that substitution of Rule 14 to the effect of requiring credits to be both taken and utilized demonstrates that interest cannot be imposed where CENVAT credit was merely taken and later reversed without utilization; given the appellant had sufficient credit balance and there was no revenue loss, interest imposition was set aside. Articles Central Excise Sat, 24 Jun 2023 10:18:41 +0530 https://www.taxtmi.com/article/detailed?id=11534