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2010 (12) TMI 765 - HC - Service TaxWhether the Ld. CESTAT was right in holding that the respondent is liable to pay interest only on the Cenvat credit utilized by them and not on the entire of CENVAT Credit taken - As regards the interest on Cenvat credit, in view of Hon’ble Punjab & Haryana High Court Judgment in the case of CCE, Delhi-III v. Maruti Udyog Ltd. (2006 -TMI - 1526 - HIGH COURT,PUNJAB & HARYANA) wherein the Hon’ble High Court has held that when inadmissible Cenvat credit was taken but not utilized and subsequently the assessee reversed the same, the assessee was not liable to pay any interest, no interest would be payable by the respondent on the amount of unutilized credit. - Decided in favor of assessee.
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