https://www.taxtmi.com/caselaws?id=771719 CESTAT Kolkata ruled that interest liability for wrongly availed CENVAT credit arises only upon utilization, not mere availment. Following Karnataka HC precedent in Bill Forge case, where sufficient credit balance exists to cover reversed amounts, no interest is payable for pre-2015 period. The appellant had reversed wrongly availed credit before show cause notice with adequate balance maintained throughout. CESTAT set aside interest demand and penalties, allowing the appeal. The decision clarifies that prompt reversal without actual utilization of irregular credit does not attract interest liability. en-us Tue, 13 May 2025 00:00:00 +0530 Fri, 30 May 2025 08:55:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771719 CESTAT Kolkata ruled that interest liability for wrongly availed CENVAT credit arises only upon utilization, not mere availment. Following Karnataka HC precedent in Bill Forge case, where sufficient credit balance exists to cover reversed amounts, no interest is payable for pre-2015 period. The appellant had reversed wrongly availed credit before show cause notice with adequate balance maintained throughout. CESTAT set aside interest demand and penalties, allowing the appeal. The decision clarifies that prompt reversal without actual utilization of irregular credit does not attract interest liability. Case-Laws Central Excise Tue, 13 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771719