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Mistakenly cenvat credit availed

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....istakenly cenvat credit availed<br> Query (Issue) Started By: - RAM SHARMA Dated:- 27-11-2014 Last Reply Date:- 27-11-2014 Central Excise<br>Got 1 Reply<br>Central Excise<br>Dear Experts,We have exces....

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....s cenvat credit in our books. We have reversed cenvat credit which is wrongly taken by us. Whether we will be liable to pay interest on reversed cenvat credit. Please advice.Thanks&Regards Reply By Na....

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....veed S: The Reply: Sir, From 17.03.2012 onwards, if cenvat credit is availed but not utilized, then there is no need to pay any interest thereon. Hence, if excess cenvat credit balance was availabl....

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....e in the books of accounts from the time the credit was availed till the time it was reversed, then no need to pay interest.<br> Discussion Forum - Knowledge Sharing ....

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