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2005 (1) TMI 143 - CESTAT, MUMBAIExtract: .......y them but lying unutilized. In these circumstances charging of interest on an amount of credit lying unutilized is not correct in law. We, therefore hold that the applicants are not liable to pay interest on the amount of credit, which was lying unutilized and which has been ordered to be reversed. 3. The application is allowed in the above terms.
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