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2023 (9) TMI 915 - AT - Central ExcisePayment of interest on Central Excise duty - revenue neutrality - HELD THAT:- It is an admitted fact that it is a case of revenue neutrality, which means whatever duty has been paid by the appellant and the same is entitled as cenvat credit to the appellants themselves. As it is a revenue neutral situation, it is held that no interest is payable by the appellant as held by this Tribunal in the case of M/S. JAI BALAJI INDUSTRIES LIMITED VERSUS COMMISSIONER OF CENTRAL EXCISE, BOLPUR [2023 (6) TMI 1102 - CESTAT KOLKATA] wherein it has been held that we hold that it is the revenue neutral situation, no duty is payable by the appellant therefore whatever duty paid by the appellant Cenvat credit of the same has been availed by the sister unit, question of payment of interest does not arise. Thus, no interest is payable by the appellant as it is a revenue neutral situation. Accordingly, the demand of interest is set aside - appeal allowed.
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