Liability of interest where CENVAT credit was wrongly taken but reversed by assessee before utilization-reg.

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.... Ministry of Finance Department of Revenue (Central Board of Excise & Customs) New Delhi, dated the 3rd September, 2009. To, All Director Generals, All Chief Commissioners of Central Excise (including LTU), All Commissioners of Central Excise (including LTU). Sir/ Madam, Subject: Liability of interest where CENVAT credit was wrongly taken but reversed by assessee befor....

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....ned. It is seen that the Tribunal decision and the High Court judgement referred to above, was delivered in the context of erstwhile Rule 57I of the Central Excise Rules, 1944 and that the Supreme Court order under reference is only a decision and not a judgement. Since, the Rule 14 of the CENVAT Credit Rules, 2004, is clear and unambiguous in the position that interest would be recoverable when C....