2018 (10) TMI 1667

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..... Hon'ble Madras High Court The Commissioner of Central Excise, Madurai V/s. M/s. Strategic Engineering (P) Ltd. [2014 (11) TMI 89 - MADRAS HIGH COURT] has held that in the absence of utilisation of the cenvat credit in view of the subsequent amendment to Rule 14 of Cenvat Credit Rules, 2004, no interest can be levied. This is in view of the words 'taken or utilised' being substituted in .....

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..... the decision of the Apex Court in Union of India V/s. IndSwift Laboratories Ltd (2011 (265) E.LT. 3 (SC) to confirm the demand of interest. Our attention has been drawn to the decision of the Hon'ble Madras High Court The Commissioner of Central Excise, Madurai V/s. M/s. Strategic Engineering (P) Ltd. (2014-TIOL-466-HC MAD-CX) considering decision of the Hon'ble Apex Court in IndSwift Labo .....

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