Appellant Must Pay Interest on Reversed CENVAT Credit; Rule 6(3A)(e) Doesn't Allow Evasion of Obligation u/s 11AB.

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....Demand of interest u/s 11AB - interest on reversal amount of cenvat credit - appellant cannot take the shelter of Rule-6(3A)(e) of the CCR to avoid payment of interest. Once a monthly payment mode is prescribed the same is required to be discharged by the appellant. - AT....