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2010 (8) TMI 403 - CESTAT, CHENNAICENVAT credit - 100% EOUs - assessee has taken inadvertently excess credit and on their own detected later on and reversed the excess taken credit. Held that:- Merely by taking a wrong credit inadvertently, the assessee has not availed any monetary benefit - In an analogous situation if the assessee-manufacturer maintains a PLA account, the balance available in the said account does not earn interest for them - The CENVAT credit ‘taken or utilised’ should be read as CENVAT credit “taken and utilised” for the purpose of demand of interest - The appeal is allowed with consequential relief as per law
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