Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2018 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (5) TMI 22 - AT - Central ExciseLiability of interest - inadmissible CENVAT credit - whether the appellant are required to pay interest of ₹ 3,51,442/-for availing inadmissible CENVAT credit during the period July 2011 to August 2015? - Held that: - applicability of interest on availment of credit not admissible is required to be paid prior to 17.03.2012 in view of the judgement of this Tribunal in Atul Ltd. & Ors. case [2017 (4) TMI 217 - CESTAT AHMEDABAD]. Post amendment to Rule 14 by virtue of N/N. 12/2012-CE (N.T) dated 17.03.2012, interest is required to be paid on inadmissible credit if availed and utilized - refund of interest on the credit reversed after 17.03.2012, is admissible to appellant. Matter remanded to compute the interest amount for the period after 17.03.2012
|