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Central Excise - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Demand of Interest - CENVAT Credit - reversed the CENVAT credit ...


Appellant Not Liable for Interest on Reversed CENVAT Credit Before Notice; Rule 14 of CENVAT Credit Rules Applied.

August 21, 2019

Case Laws     Central Excise     AT

Demand of Interest - CENVAT Credit - reversed the CENVAT credit wrongly availed much before the issuance of the show-cause notice - the CENVAT credit account which shows the credit of around ₹ 1 crore during the disputed period which clearly shows that the appellant has only availed the credit and has not utilized the same - not liable to pay interest under Rule 14 of the CCR

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