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2008 (10) TMI 220 - CESTAT, CHENNAIInterest – delayed reversal of cenvat credit – goods removed as such - Section 11AB provides for recovery of interest in cases of delayed payment of duty. In the instant case, an amount equal to the credit availed is paid on a date subsequent to the date of clearance of such inputs. Held that - the argument that Section 11AB applied in such cases is not correct. No provision in the statute enabling recovery of interest in cases of delay in reversal/payment of credit relatable to inputs removed has been pointed out by the Revenue. – Revenue appeal dismissed.
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