Interest Demand Set Aside: No Revenue Loss from Unused Cenvat Credit u/r 14 and Section 11AB.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Levy of interest under Rule 14 of the Cenvat Credit Rules, 2004 (CCR) read with Section 11AB of the Central Excise Act, 1944 - amount of Cenvat credit taken inadvertently but not utilized - In the present case, since the Appellant had sufficient credit balances, there would be no loss of Revenue to the exchequer. - Demand of interest set aside - AT....