TaxTMI 
TaxTMI 
2017 (12) TMI 1019
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....the case is that appellant while carrying forward the closing balance of 31st March, 2009 on 1st April, 2009 erroneously reported excess opening balance of Rs. 5,61,411/-. However this amount has been paid in cash vide Challan No. 00038 dated 21-2-2013. Thereafter a show cause notice was issued for demanding interest of Rs. 3,59,734/- under Section 11AB read with Rule 14 of Cenvat Credit Rules, 20....
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..... Shri. Mahesh Parnekar, Sr. Manager of the appellant company submits that though there is mistake while carrying forward the closing balance of March, 2009 as a opening balance of 1st April, 2009 and accordingly an amount of Rs. 5,61,411/- was shown in excess to the actual balance to be transferred as opening balance on 1st April, 2009, but in the month of April itself they have reversed the exce....
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....refully considered the submissions made by both sides and perused the records. 5. I find that in the grounds of appeal in para 3(a) it was shown that reversal of difference in the month of April, 2009 is Rs. 8,52,596/- and out of that after deducting service tax payment of Rs. 6,14,306/- the balance is of Rs. 2,38,290/- however it is apparently incorrect for the reason that service tax of Rs. 6,1....