Mistakenly cenvat credit availed

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Mistakenly cenvat credit availed
Query (Issue) Started By: - RAM SHARMA Dated:- 27-11-2014 Last Reply Date:- 27-11-2014 Central Excise
Got 1 Reply
Central Excise
Dear Experts,We have exce .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ss cenvat credit in our books. We have reversed cenvat credit which is wrongly taken by us. Whether we will be liable to pay interest on reversed cenvat credit. Please advice.Thanks&Regards Reply By N .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... aveed S: The Reply: Sir, From 17.03.2012 onwards, if cenvat credit is availed but not utilized, then there is no need to pay any interest thereon. Hence, if excess cenvat credit balance was availab .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... le in the books of accounts from the time the credit was availed till the time it was reversed, then no need to pay interest.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X