2018 (5) TMI 22

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..... ment of credit not admissible is required to be paid prior to 17.03.2012 in view of the judgement of this Tribunal in Atul Ltd. & Ors. case [2017 (4) TMI 217 - CESTAT AHMEDABAD]. Post amendment to Rule 14 by virtue of N/N. 12/2012-CE (N.T) dated 17.03.2012, interest is required to be paid on inadmissible credit if availed and utilized - refund of interest on the credit reversed after 17.03.2012 .....

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..... appellant submits that they have reversed the credit along with interest of ₹ 3,51,442/-. The present appeal relates to refund claim of ₹ 3,51,442/- paid as interest on the inadmissible credit. It is his contention that at the relevant time there was sufficient balance lying in their Cenvat credit account, therefore, no interest was required to be paid for availing inadmissible credit .....

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..... .2012 in view of the judgement of this Tribunal in Atul Ltd. Ors. case (supra). Further, post amendment to Rule 14 by virtue of Notification No. 12/2012-CE (N.T) dated 17.03.2012, interest is required to be paid on inadmissible credit if availed and utilized. Therefore, in the present case, refund of interest on the credit reversed after 17.03.2012, is admissible to appellant. Accordingly to com .....

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