https://www.taxtmi.com/caselaws?id=752313 CESTAT Chennai held that interest is not leviable on irregularly availed Cenvat Credit that was not utilized, following Karnataka HC precedent that interest liability arises only when duty is unpaid on due date. The Tribunal found no tax evasion motive where appellant took credit in books but never utilized it and reversed the irregular credit before show cause notice issuance. Extended limitation period invocation was unjustified. The impugned order was set aside and appeal allowed. en-us Tue, 07 May 2024 00:00:00 +0530 Tue, 07 May 2024 17:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752313 CESTAT Chennai held that interest is not leviable on irregularly availed Cenvat Credit that was not utilized, following Karnataka HC precedent that interest liability arises only when duty is unpaid on due date. The Tribunal found no tax evasion motive where appellant took credit in books but never utilized it and reversed the irregular credit before show cause notice issuance. Extended limitation period invocation was unjustified. The impugned order was set aside and appeal allowed. Case-Laws Central Excise Tue, 07 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752313