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2015 (12) TMI 879 - AT - Service TaxDemand on interest on reversal of CENVAT Credit - credit was availed but not utilized - Held that:- Appellant has placed the Cenvat Credit Register during the relevant period before me and it was clear that when credit was taken from February 2008 up to July 2009, balance has not come down below the figure of ₹ 33,15,661, the disputed amount. In July 2009, this amount has been reversed. Further, in reply to the show-cause notice, the appellants have clearly stated that they have taken credit but never utilized during the entire period and it was available in the Books of Account and there is no contra finding. - Since the issue is covered by decision of the Hon'ble High Court of Madras [2014 (11) TMI 89 - MADRAS HIGH COURT], respectfully following the same, it is held that the appellant is not liable to pay interest and penalty - Decided in favour of assessee.
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