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2017 (12) TMI 1019 - AT - Central ExciseDemand of interest - case of appellant is that though there is a mistake in carrying forward of closing balance of 31st March as opening balance in the month of April, 2009 they have reversed the excess amount of ₹ 8,52,596/-therefore mistake stands corrected, hence no interest is chargeable - Held that: - appellant have reversed excess amount of ₹ 8,52,596/- in the month of April, 2009 as against excess balance shown on 1st April, 2009 of ₹ 5,61,411/-. Therefore wrongly availed excess credit of ₹ 5,61,411/- stands reversed in the same month therefore there is no question of interest liability - appeal allowed - decided in favor of appellant.
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