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2018 (3) TMI 1244 - AT - Service TaxCENVAT credit subsequently reversed - Since they were claiming the duty draw back of export of cotton fabric, the department was of the view that the appellant was liable to pay interest on such Cenvat credit from the period such credit was taken till the date on which such credit was reversed - Held that: - the decision of Apex Court in the case of Union of India vs. M/s. Ind-Swift Laboratories Ltd. [2011 (2) TMI 6 - Supreme Court], relied upon in which the Hon’ble Supreme Court has held that the interest is liable to be paid even if such credit is reversed without utilization - there is no justification for demand of interest - appeal allowed - decided in favor of appellant.
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