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2009 (2) TMI 197 - AT - Central ExciseInterest on Reversal of Cenvat Credit – Delay in reversal of irregular cenvat credit – held that - The amendment to Section 11AB of the Act and the reading of Section 11AC by the Apex Court in UOI v. Dharamendra Textile Processors [2008 -TMI - 31520 - SUPREME COURT have made the ratio of these earlier decisions irrelevant to decisions made since. This Tribunal had held that payment of arrears before issue of Show Cause Notice did not affect the assessee’s liability to pay interest.
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