Interest Liability Arises on Wrong Availment of Cenvat Credit u/r 14, Even If Credit Is Not Utilized.

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....There is no difference between the expression credit taken and the credit utilised for the purpose of recovery of wrongly availed credit Rule 14 of Cenvat Credit Rules, and if any credit has been taken wrongly, even though not availed, interest liability would accrue – Interest payable on the wrong availment of Cenvat Credit - AT....