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2015 (10) TMI 278 - AT - Central ExciseDemand of interest - CENVAT Credit - inter unit transfer - revenue neutral situation - period of limitation - Held that:- Appellants not contravened any provisions of CCR. The clearance of inputs amounts to inter-unit transfer of inputs and it is not the case of the department that appellant's Unit-II has utilized the credit. The decision of the Tribunal's Principle Bench in the case of Kesarwani Zarda Bhandar (2007 (2) TMI 531 - CESTAT, NEW DELHI) and in the case of Sona Koyo Steering Systems Ltd. (2012 (4) TMI 528 - CESTAT NEW DELHI) are squarely applicable to the facts of the present case. - demand of interest raised after three years is hit by limitation. By respectfully following the above decision, I hold that the appellants are not liable for demand of interest and also not liable for penalty. Accordingly, demand of interest and imposition of penalty are liable to be set aside. - Decided in favour of assessee.
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