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2017 (5) TMI 44 - CESTAT NEW DELHILiability of interest - Cenvat credit amount which was reversed - banking and financial service - Revenue is of the view that once the assessee has reversed the subject Cenvat credit taken on banking and financial services during audit without any protest they are bound to pay interest for the period when the said amount was lying in their Cenvat account - Held that: - when in the light of provisions of Rule 6(5) of CCR, 2004, the original amount of Cenvat credit which was reversed by the assessee appellant during the audit appears to be admissible to the assessee, the present interest demand against them is not sustainable - reliance placed in the case of Secure Meters Ltd. Vs. CCE & ST, Jaipur [2017 (3) TMI 1438 - CESTAT NEW DELHI] - appeal allowed - decided in favor of appellant.
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