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2017 (12) TMI 944 - AT - Central ExciseDemand of interest - CENVAT credit - denial on the ground of non-production of input invoices - Held that: - the appellants have reversed the credit of ₹ 1,60,975/- in June 2014 itself and he has also paid interest of ₹ 90,341/- payable under Rule 14 of CENVAT Credit Rules, 2004 - appellant have got sufficient CENVAT credit in their CENVAT credit account and they have not utilized the same, thus, interest not payable - reliance placed in the case of COMMISSIONER OF CENTRAL EXCISE & SERVICE TAX LARGE TAXPAYER UNIT, BANGALORE Versus M/s BILL FORGE PVT LTD, BANGALORE [2011 (4) TMI 969 - KARNATAKA HIGH COURT] - appeal allowed - decided in favor of appellant.
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