Demand of interest on reversal of credit - The aforesaid ...

Interest Demand on Reversed Credit Not Retroactive for Pre-March 2015 Credits; No Revenue Loss or Assessee Advantage Found.

August 16, 2019

Case Laws Central Excise AT

Demand of interest on reversal of credit - The aforesaid provisions brought into effect on 14th March, 2015 cannot be applied (retrospectively) for the credit amount already shown in the returns prior to March 2015 (i.e. August 2011 when the fire incident occurred) - when the wrong credit is not utilized for payment of final output duty on final products, neither the assessee gets any advantage nor there is any Revenue loss to the Government - Demand of interest set aside.

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Demand of interest on reversal of credit - The aforesaid ...

Interest Demand on Reversed Credit Not Retroactive for Pre-March 2015 Credits; No Revenue Loss or Assessee Advantage Found.

August 16, 2019

Case Laws Central Excise AT

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