2015 (10) TMI 1663

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.... behalf of the respondent. There is an application dtd February 11, 2015 requesting for adjournment. 2. After hearing the Learned Authorised Representative for the Revenue and on perusal of records, I find that the appeal may be decided, in the absence of the respondent. The issue involved in this case is whether interest is payable on the Cenvat Credit availed wrongly and subsequently reversed. ....

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....their cenvat account." 3. Learned Authorised Representative for the Revenue submits that the Hon'ble Supreme Court in the case of UOI vs Ind-Swift Laboratories  2011(265)ELT.3 (SC) held that interest is payable on irregular availment of the cenvat credit on the date of taken the credit, even not utilised. He also relied upon the decision of the Division Bench of this Tribunal in the case of ....