2009 (4) TMI 748

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...., Advocate, for the Respondent. [Order per : P. Karthikeyan, Member (T)]. -  This is an application for stay of operation of the order of the Commissioner (Appeals) whereby he vacated the order of the original authority denying refund of interest initially paid by the respondents for delay in reversing input service credit held by the authorities to have been irregularly availed by the ....

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....he ground that Rule 14 of Cenvat Credit Rules, 2004 (CCR) provided for recovery of irregular credit taken along with interest. Relying on the judgment of the Hon'ble High Court of Punjab & Haryana in CCE, Delhi-III v. Northern Minerals Limited [2007 (216) E.L.T. 198 (P & H), the Commissioner (Appeals) vacated the order of the original authority and allowed the refund of interest claimed by the res....