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2016 (2) TMI 219 - AT - Service TaxDemand of interest on reversal of cenvat credit - reversal of credit against refund claim - The appellant vehemently argues that their initial excess payment of service tax on receipt of input services from their foreign counterpart was unintentional and mainly because of wrong calculations; after the payment of the excess service tax they had taken the CENVAT credit for the same. - Held that:- strictly speaking do not clearly prove that the CENVAT credit taken on the excess payment of service tax was in the strict category of “wrongly taken or utilized CENVAT credit” and more so in the light of decision of the Hon’ble Karnataka High Court’s decision in the case of CCE vs. Bill Forge [2011 (4) TMI 969 - KARNATAKA HIGH COURT] - provisions of Rule 14 of CENVAT Credit Rules, 2004 for recovery of interest on the subject CENVAT credit amount will not be attracted. - demand set aside - Decided in favor of assessee.
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