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2018 (12) TMI 162 - AT - Central ExciseDemand of Interest - irregular availment of CENVAT Credit, reversed before utilization - Held that:- The appellant had taken credit and without utilizing such credit, reversed the same prior to issue of show-cause notice. Tribunal in the case of J.K.Tyre & Industries Ltd. Vs. Assistant Commissioner of Central Excise, Mysore [2016 (11) TMI 911 - CESTAT BANGALORE], held that for wrong availment of cenvat credit, interest is not payable, if the credit is reversed before utilization. The demand of interest on unutilised Cenvat Credit, cannot be sustained - Appeal allowed - decided in favor of appellant.
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