https://www.taxtmi.com/caselaws?id=34064 The Appellate Tribunal CESTAT, Mumbai held that utilizing Cenvat credit for interest payments is not permissible under Rule 3(4) of the Cenvat Credit Rules, 2004. The Tribunal set aside the Commissioner's decision allowing such payment through credit and directed that interest payments should be made through cash or PLA. The Revenue's appeal was allowed, emphasizing the need to adhere to the specified purposes for utilizing Cenvat credit. This case clarifies the restrictions on using Cenvat credit for interest payments and establishes that interest must be paid through cash or PLA, not through Cenvat credit accounts. en-us Fri, 24 Oct 2008 00:00:00 +0530 Thu, 09 Jul 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34064 The Appellate Tribunal CESTAT, Mumbai held that utilizing Cenvat credit for interest payments is not permissible under Rule 3(4) of the Cenvat Credit Rules, 2004. The Tribunal set aside the Commissioner's decision allowing such payment through credit and directed that interest payments should be made through cash or PLA. The Revenue's appeal was allowed, emphasizing the need to adhere to the specified purposes for utilizing Cenvat credit. This case clarifies the restrictions on using Cenvat credit for interest payments and establishes that interest must be paid through cash or PLA, not through Cenvat credit accounts. Case-Laws Central Excise Fri, 24 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34064