2018 (5) TMI 22

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.... (s): Shri K. J. Kinariwala, AR Per: Dr. D. M. Misra Heard both sides. 2. This is an appeal filed against the order-in-appeal No. VAD-EXCUS-001-APP-188/2017-18 dated 05.07.2017 passed by Commissioner (Appeals) of Central Excise, and Service Tax-Vadodara. 3. The issue involved in the present appeal is: whether the appellant are required to pay interest of Rs. 3,51,442/-for availing inad....

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....ble. However, after amendment to the relevant Rule by Notification No. 12/2012-CE dated 17.03.2012, credit availed and not utilized if reversed, subsequently, no interest is payable. It is his contention that therefore interest paid for the period after 17.03.2012 is liable to be refunded. 5. The Ld. AR for the Revenue reiterated the findings of the Ld. Commissioner (Appeals). 6. I find that....