https://www.taxtmi.com/caselaws?id=47817 Interest was held not leviable on Cenvat credit that remained unutilized and was directed to be reversed. The credit had been found inadmissible for certain items, but the only surviving question was whether interest could be charged on the unutilized amount. The record showed that the reversal direction itself indicated non-utilisation of the credit, and no specific basis for imposing interest on such unutilized credit was established. The Revenue's challenge therefore failed. en-us Tue, 04 Apr 2006 00:00:00 +0530 Sat, 31 Jul 2010 10:52:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47817 Interest was held not leviable on Cenvat credit that remained unutilized and was directed to be reversed. The credit had been found inadmissible for certain items, but the only surviving question was whether interest could be charged on the unutilized amount. The record showed that the reversal direction itself indicated non-utilisation of the credit, and no specific basis for imposing interest on such unutilized credit was established. The Revenue's challenge therefore failed. Case-Laws Central Excise Tue, 04 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47817