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2017 (6) TMI 362 - AT - Central ExciseLiability of interest - whether interest was payable on the amount of CENVAT credit which was contained in the inputs used in finished goods and work in progress for the period of 24 days after obtaining the exemption? - Held that: - the issue is squarely covered by the judgment of Hon’ble High Court of Karnataka in the case of C.C.E., Bangalore-I vs. Aravind Brands Ltd. [2011 (7) TMI 258 - Karnataka High Court], where it was held that there is no delay in payment of duty. The delay is in reversal of cenvat credit, therefore interest not liable - the question of interest to be charged, on the amount which has actually been reversed, is not sustainable - appeal allowed - decided in favor of appellant.
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