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2011 (7) TMI 258 - HC - Central ExciseDemand - Cenvat credit availed when goods were dutiable - subsequently goods exempted from excise duty - Notification No.30/2004-CE dt. 9.7.2004 - assessee ought to have reversed cenvat credit - There was a delay in reversal of those entries (cenvat credit) - it is contended that the payment of interest is now well settled as compensatory in nature, when the duty is payable on a particular date and if it is paid on a subsequent date, the Revenue has to be compensated for the delay in payment of duty - interest to be paid - decided against the assessee.
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