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2015 (10) TMI 1663 - AT - Central ExciseDemand of interest - CENVAT Credit - whether interest is payable on the Cenvat Credit availed wrongly and subsequently reversed. - Held that:- Karnataka High Court in the case of Commissioner of Central Excise & Service Tax, Bangalore Vs. Bill Forge Pvt Ltd - [2011 (4) TMI 969 - KARNATAKA HIGH COURT and the Hon’ble Madras High Court in the case of the Commissioner of Central Excuse, Madras vs M/s Strategic Engg. (P) Ltd - [2014 (11) TMI 89 - MADRAS HIGH COURT] after considering the decision of the Hon’ble Supreme Court in the case of Ind-Swift Laboratories (2011 (2) TMI 6 - Supreme Court) held that mere taking credit itself and reversal, would not compel the assessee to pay interest an rejected the appeals of Revenue. - Decided against Revenue.
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