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2017 (3) TMI 925 - AT - Central ExciseLiability of interest - erroneous CENVAT credit reversed on being pointed out - appellant case is that there is no justification for demanding interest in respect of Cenvat Credit since the credit was never utilized before the same was reversed - Held that: - the issue has been settled in favour of the appellant for the period prior to the date of amendment of rule 14. It has been held consistently that there will be no liability to pay interest in these cases where Cenvat Credit was taken erroneously but reversed without utilization - appeal allowed - decided in favor of appellant.
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