2008 (10) TMI 194

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..... r payment of interest as it is not one of the specified purposes under the rule. Interest can be paid in cash or through PLA only. - E/97/2008-Mum. - A/731/2008-WZB/C-III/(SMB), - Dated:- 24-10-2008 - Shri K.K. Agarwal, Member (T) Shri Riju T., JDR, for the Appellant. None, for the Respondent. [Order]. - This is Revenue's appeal. The limited issue involved is that the appellants we .....

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..... . 2. None appeared for the respondents but the respondents have requested to decide the matter on merits. 3. I have considered the submission. 4. I find that Rule 3(4) of Cenvat Credit Rules, 2002 relating to utilization of credit does not refer to payment of interest from Cenvat credit account. In such situation, credit cannot be utilized for payment of interest as it is not one of th .....

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