https://www.taxtmi.com/caselaws?id=34041 Interest was held not recoverable on Cenvat credit reversed after fire damage to semi-finished goods, inputs lying as such, and capital goods not yet utilised. The ruling treats mere credit reversal, without a factual trigger bringing the case within the excise interest provisions for delayed duty payment or short levy, as insufficient to sustain an interest demand. Section 11AB was found inapplicable on the stated facts for inputs destroyed in fire, and no interest was payable on unutilised capital goods credit before reversal. en-us Wed, 13 Aug 2008 00:00:00 +0530 Tue, 07 Jul 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34041 Interest was held not recoverable on Cenvat credit reversed after fire damage to semi-finished goods, inputs lying as such, and capital goods not yet utilised. The ruling treats mere credit reversal, without a factual trigger bringing the case within the excise interest provisions for delayed duty payment or short levy, as insufficient to sustain an interest demand. Section 11AB was found inapplicable on the stated facts for inputs destroyed in fire, and no interest was payable on unutilised capital goods credit before reversal. Case-Laws Central Excise Wed, 13 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34041