https://www.taxtmi.com/caselaws?id=35113 Interest on wrongly availed and belatedly reversed Cenvat credit was treated as automatically payable on delayed reversal, and the absence of a prior show cause notice did not defeat recovery. The earlier view that payment before notice could avoid interest was treated as no longer good law in light of later authority and the amended statutory scheme. The credit rules were read as supporting interest on wrongful availment followed by delayed reversal, so the interest demand was upheld. en-us Thu, 05 Feb 2009 00:00:00 +0530 Tue, 29 Dec 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35113 Interest on wrongly availed and belatedly reversed Cenvat credit was treated as automatically payable on delayed reversal, and the absence of a prior show cause notice did not defeat recovery. The earlier view that payment before notice could avoid interest was treated as no longer good law in light of later authority and the amended statutory scheme. The credit rules were read as supporting interest on wrongful availment followed by delayed reversal, so the interest demand was upheld. Case-Laws Central Excise Thu, 05 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35113