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Central Excise - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

Interest - penalty - reversal of CENVAT credit - if the duty ...

Case Laws     Central Excise

May 17, 2017

Interest - penalty - reversal of CENVAT credit - if the duty liability does not arise, the question of payment of interest and imposition of penalty will not arise, merely because the duty was paid by the assessee - AT

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  9. Interest on credit availed - mere taking of credit which has been reversed without utilization, no liability for payment of interest or penalty would arise thereof - AT

  10. Liability to Pay Interest - Excess Credit - Reversal of Credit - Whether the assesse was liable to pay interest in terms of Rule 14 of the CENVAT Credit Rules, 2004 - Held yes - AT

  11. Liability of interest on reversal of cenvat credit - that there is no delay in payment of duty. The delay is in reversal of cenvat credit, therefore interest not liable - AT

  12. Reversal of Credit availed but not utilized - penalty waived but demand of interest confirmed - HC

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