2007 (10) TMI 81

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.... taken on wire rods, for payment of duty on MS wires. The total credit taken in their CENVAT account in respect of rods was Rs. 3,93,862/-. Thus, there was a balance of Rs. 1,12,205/- towards credit on wire rods in their account. The department wanted the appellants to reverse this balance credit on the ground that it had been irregularly taken where the MS wires (final product) were not excisable....

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....credit has been taken or utilized wrongly or has been erroneously refunded, the same along with interest shall be recovered from the manufacturer or the provider of the output service and the provisions of sections 11A and 11AB of the Excise Act or sections 73 and 75 of the Finance Act, shall apply mutatis mutandis for effecting such recoveries." Interest could be recovered only where CENVAT cr....