2025 (1) TMI 308

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..... inance Act, 1994 - HELD THAT:- This appeal is involving limited issue of demand of interest amounting to Rs. 7,43,063/- on the ground that the appellant have wrongly availed the credit. It is found that since the appellant have not utilised the credit and kept in separate account and not in the Cenvat account the same will not amount to wrong availment of credit unless or until the same is transfe .....

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..... le 14 of Cenvat credit Rules, 2004 read with Section 75 of the Finance Act, 1994. 2. Shri Jigar Shah learned counsel along with Shri Amber Kumrawat learned Advocate appearing on behalf of the appellant at the outside submits that firstly the Cenvat Credit was not availed by the appellant secondly the appellant had maintained separate registered to monitor the Cenvat Credit but the same does not am .....

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..... indings of the impugned order. 4. We have carefully considered the submissions made by both the sides and perused the records. We find that this appeal is involving limited issue of demand of interest amounting to Rs. 7,43,063/- on the ground that the appellant have wrongly availed the credit. We find that since the appellant have not utilised the credit and kept in separate account and not in the .....

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