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Central Excise - Highlights / Catch Notes

Home Highlights January 2017 Year 2017 This

Interest for delayed reversal of credit - This case is revenue ...

Case Laws     Central Excise

January 5, 2017

Interest for delayed reversal of credit - This case is revenue neutral inasmuch as had the cenvat credit been reversed, the same would have been eligible for credit to the sister unit - there is no loss of Revenue to the Government Exchequer, and as such, there is no question of compensating the Government for loss of any Revenue. - AT

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