2017 (12) TMI 1182

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....issioner(A.R.) for the Respondent ORDER The fact of the case is that appellant availed Cenvat credit during the period April, 2011 to 31 March, 2012. On pointed out by the audit party they had reversed the Cenvat credit and on further insistence by the department they also paid the interest for the period April, 2011 to March, 2012 till the date of reversal. The Rule 14 was amended on 17-3-2....

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.... concurring with the adjudicating authority, rejected the appeal and upheld the order-in-original, therefore appellant is before me. 2. Shri. Prasad Paranjape, Ld. Counsel for the appellant submits that they have paid interest for the period from April, 2011 till the date of reversal i.e. 30-8-2013 but after amendment on 17-3-2012 interest was chargeable only when credit is not only taken but a....

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.... to the appellant therefore No. question of refund arises. 4. I have carefully considered the submissions made by both sides and perused the records. 5. I find that appellant have claimed the refund of interest pertaining to the period from 17-3-2012 to 30-8-2013 on the ground that during such period interest was chargeable only when the assessee takes the credit and utilize it. I find that ....