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2015 (11) TMI 511 - AT - Central ExciseBenefit of CENVAT Credit - Assessee availed CENVAT credit in respect of certain invoices twice - Imposition of interest u/s 11AB - Held that:- As there are two contrary decisions of the High Courts, one by the Hon’ble Karnataka High Court [2011 (4) TMI 969 - KARNATAKA HIGH COURT] and the other by the High Court of Madras [2014 (2) TMI 551 - MADRAS HIGH COURT] and inasmuch as the said issue keeps on repeatedly coming up before the Tribunal, I deem it fit to refer the matter to the Hon’ble President for constitution of a Larger Bench on the following question of law:- When the wrongly availed credit is reversed before utilising the same, whether interest liability would arise in respect of the same or not.
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