2019 (12) TMI 1165

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....CE R. SURESH KUMAR For Appellant: Mr. K.S. Ramaswamy For respondent: Mr. R. Parthasarathy, for M/s. Lakshmi Kumaran And Sridharan JUDGMENT DR. VINEET KOTHARI, J. The Revenue has filed this appeal aggrieved by the order dated 21 December 2017 passed by the learned Customs Excise and Service Tax Appellate Tribunal, South Zonal Bench, Chennai, holding that in view of the various decisi....

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.... (Mad.) as also the Hon'ble Gujarat High Court in the case of CCE VS. Dynaflex Pvt. Ltd. - 2011 (266) ELT 41 (Guj.) has held that the non-reversal of accumulated and unutilized Cenvat credit before utilization cannot attract interest liability. In as much as the issue stands decided by various courts and especially by the jurisdictional High Court of Madras, we set aside the impugned order con....