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2013 (8) TMI 428 - AT - Central ExciseInterest on wrong availment of Cenvat Credit – Appellant availed ineligible Cenvat Credit – Held that:- As per the Hon'ble apex Court in the case of Ind-Swift Laboratories Ltd. [2011 (2) TMI 6 - Supreme Court], - there is no difference between the expression "credit taken" and the "credit utilised" for the purpose of recovery of wrongly availed credit Rule 14 of Cenvat Credit Rules, and if any credit has been taken wrongly, even though not availed, interest liability would accrue – Interest payable on the wrong availment of Cenvat Credit – Decided against the Assessee.
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