Interest on Delayed CENVAT Credit Reversal Deemed Revenue Neutral; No Compensation Required for Government Revenue Loss.

Interest for delayed reversal of credit - This case is revenue neutral inasmuch as had the cenvat credit been reversed, the same would have been eligible for credit to the sister unit - there is no loss of Revenue to the Government Exchequer, and as such, there is no question of compensating the Government for loss of any Revenue. - AT .....

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