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2018 (7) TMI 1939 - AT - Central ExciseDemand of Interest u/r 14 read with Section 11AB of the Central Excise Act - excess credit availed was suo moto detected and reversed by Appellant even prior to utilization - HELD THAT:- Larger Bench of the Tribunal in the case of J.K. TYRE & INDUSTRIES LTD. VERSUS ASST. COMMR. OF C. EX., MYSORE [2016 (11) TMI 911 - CESTAT BANGALORE] held that on account of wrong availment of cenvat credit, interest is not payable, if reversed before utilization. The demand of interest on unutilized CENVAT Credit cannot be sustained - appeal allowed - decided in favor of appellant.
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