2013 (2) TMI 313

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.... Revenue is in appeal against the impugned order wherein the Commissioner (Appeals) has dropped the demand of interest made by the by way of Show Cause Notice. 2. Brief facts of the case are that the appellants are manufacturer of excisable goods during the period March 2001 to August 2001. They cleared the input as such and later on they reversed the Cenvat Credit availed on the input on 5.10.....

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....to pay interest on the late reversal of the credit. 3. On the other hand, ld. Counsel for the respondents opposed the contention of the ld. DR and submitted that they are not required to reverse the credit at all as held by this Tribunal in the case of CCE, Chennai.II Vs. Caterpillar India Pvt Ltd reported in 2009 (246) ELT 725 (Tri.Chen). Therefore the question of payment of interest does not ....