Dispute Over Interest on Cenvat Credit: Compliance with Rule 4(7) of CCR, 2004 Under Scrutiny for Payment Timings.

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....Cenvat Credit - demand of interest - appellant had taken input service credit even before payments were made, in contravention of Rule 4(7) of CCR, 2004 - appellant contended that they have utilized the credit only after making payment to the input service provider - No interest subject to verification....