https://www.taxtmi.com/caselaws?id=764246 Interest was not payable on Cenvat credit alleged to have been wrongly availed where the amount remained in a separate account and was neither transferred into the Cenvat account nor used to discharge service tax liability. Mere retention of the amount did not constitute availment for the purpose of attracting interest; liability to interest arose only upon transfer and utilisation of the credit. The demand of interest was therefore set aside. en-us Tue, 10 Dec 2024 00:00:00 +0530 Mon, 06 Jan 2025 12:49:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764246 Interest was not payable on Cenvat credit alleged to have been wrongly availed where the amount remained in a separate account and was neither transferred into the Cenvat account nor used to discharge service tax liability. Mere retention of the amount did not constitute availment for the purpose of attracting interest; liability to interest arose only upon transfer and utilisation of the credit. The demand of interest was therefore set aside. Case-Laws Service Tax Tue, 10 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764246