2024 (12) TMI 1403

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....ent (AR) for the Respondent ORDER The issue involved in the present case is whether the late reversal of Cenvat Credit attributes to the goods destroyed in fire and remission has been granted, the interest is chargeable for the delayed period in terms of Rule 14 of Cenvat Credit Rules, 2004. 2. Shri Hardik Modh learned counsel appearing on behalf of the appellant submits that even though ther....

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....he following judgments:- * UOI and Ors. Versus Ind-Swift Laboratories Ltd - 2011 (2) TMI 6 - Supreme Court * M/s. National Aluminium Company Limited Versus Commissioner of Central Excise & Service Tax, Bhubaneswar-I - 2023 (6) TMI 368 - CESTAT Kolkata * Commissioner Central Excise Commissionerate, SCO No. 6, Sector 1, Rohtek Versus M/s. Grasim Bhiwani Textile Limited (Unit Bhiwani Textile ....

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....ion of the submissions made by both the sides and perusal of records. We find that during the relevant period the provision of Rule 14 reads as under:- "RULE 14. Recovery of CENVAT credit wrongly taken or erroneously refunded. - (1) (i) Where the CENVAT credit has been taken wrongly but not utilised, the same shall be recovered from the manufacturer or the provider of output service, as the case....