Cenvat Credit Issue: Availing Input Services Credit Without Payment Violates Rule 4(7) of Cenvat Credit Rules 2004.

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....Cenvat credit - availed input services credit without payment of value of input service and service tax on such service to the provider of services - violation of Sub Rule (7) of Rule 4 of Cenvat Credit Rules 2004 - If payment is made later, credit will be eligible - however, interest liability to be computed, if any. - AT....