2005 (5) TMI 606

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....Shri A. Sheerazi, Advocate, for the Respondent. [Order]. -  In this case CENVAT Credit of Rs. 71,820/- availed by the respondent on HSD and reversed in August, 2004, was appropriated by the adjudicating authority; the Revenue challenged the order on the ground that the Assistant Commissioner ought to have directed recovery of interest as well as imposition of penalty; the Commissioner (....

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....t which would not have been allowed to be taken or utilized, if the provisions of sub-section (1) had been in force at all material times, within a period of thirty days from the date on which the Finance Act, 2000 receives the assent of the President and in the event of non-payment of such credit of duty within this period, in addition to the amount of credit of such duty recoverable, interest at....