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2017 (10) TMI 699 - AT - Central ExciseDemand of interest - suo-moto reversal of CENVAT credit - Restoration of appeal - non-appearance of appellant - Held that: - When the appellant has voluntarily reversed the credit, they ought to have reversed with interest. Once the appellant has come to know of the irregular excess credit they ought to have reversed it along with interest without waiting for a show cause notice. The liability to pay interest is automatic and continuous till the duty is paid. This being so the appellant cannot deliberately abstain from paying the interest on the excess credit and then take shelter that the demand is time-barred - appeal dismissed - decided against appellant.
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