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2019 (1) TMI 1035 - AT - Service TaxInterest on the inadmissible CENVAT credit - credit on capital goods taken but not utilized and is reversed - Rule 14 of CENVAT Credit Rules, 2004 read with Section 75 of the Finance Act, 1994 - Held that:- The appellant has taken irregular credit but the same was not utilized and it was merely a book entry - in the case of Shiv Om Paper Mills Ltd. [2015 (9) TMI 1484 - CESTAT NEW DELHI], the Tribunal has held that when full credit was availed instead of 50% of the credit, no interest was required to be paid where the credit taken inadvertently was not utilized. The impugned order demanding interest is not sustainable - appeal allowed - decided in favor of appellant.
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