https://www.taxtmi.com/caselaws?id=54591 Interest on Cenvat credit reversed before the show cause notice was held not recoverable. The Tribunal noted that the credit had been reversed well in advance of the notice, and although the statute permits recovery of interest on wrongly taken or utilised credit, the pre-notice reversal meant the interest demand could not be sustained. The demand for interest was therefore set aside, following an earlier Tribunal view on the same point. en-us Fri, 11 Nov 2005 00:00:00 +0530 Thu, 21 Oct 2010 10:14:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54591 Interest on Cenvat credit reversed before the show cause notice was held not recoverable. The Tribunal noted that the credit had been reversed well in advance of the notice, and although the statute permits recovery of interest on wrongly taken or utilised credit, the pre-notice reversal meant the interest demand could not be sustained. The demand for interest was therefore set aside, following an earlier Tribunal view on the same point. Case-Laws Central Excise Fri, 11 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54591