2011 (5) TMI 118

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...., For the Appellants   The assessees herein are engaged in the manufacture of motor car components and parts thereof. CENVAT credit had been taken by them more than once on the same input invoices and on it being pointed out by the departmental authorities, they reversed the credit but did not pay interest on belated reversal of wrongly availed credit. Hence SCNs for recovery of interest o....

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....rom the date of its utilization was the subject matter of dispute before the Tribunal which had decided in the case of CCE Pondicherry Vs Superfil Products  [2009 (237) ETL 551] that interest liability arises only on utilization of irregular credit and the Supreme Court s decision cited supra holding that the interest liability arises right from the date of availment of irregular credit is of....