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2008 (5) TMI 88 - CESTAT, CHENNAIInterest for belated reversal of irregularly availed credit - appellants had taken the full credit of duty paid on receipt of capital goods in the respective year of receipt instead of taking half of the amount - However, barring an amount of Rs. 120/- utilized in February, 2004, the assessee had not utilized any amount of credit which was not due to them legally - excess credit availed remains an entry in the proforma account and was not utilized – hence interest not chargeable
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