Liability of interest where CENVAT credit was wrongly taken but reversed by assessee before utilization

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..... New Delhi, dated the 14 th March, 2011. To, All Director Generals, All Chief Commissioners of Central Excise (including LTU), All Commissioners of Central Excise (including LTU). Sir/ Madam, Subject: Liability of interest where CENVAT credit was wrongly taken but reversed by assessee before utilization-reg .....

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..... It is observed that the issue has now been conclusively settled by the Apex Court in the departmental appeal against the above mentioned judgement of P H High Court. The Apex Court vide its judgement dated 21.02.11 in Civil Appeal No. 1976 of 2011[2011 -TMI - 202107 - Supreme Court] has set aside the aforesaid order of Hon ble High Court. The Apex Court has ruled that If the aforesaid provisio .....

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