TMI BlogCENVAT Credit - utilization in excess of 20% - The appellant would be required to discharge interest on...CENVAT Credit - utilization in excess of 20% - The appellant would be required to discharge interest on the excess utilization of the cenvat credit in a particular month at the applicable rate - there is no justification in imposing penalty or directing recovery of the credit. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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