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M/s. Simbhaoili Sugar Mills Ltd. Versus Commissioner of Central Excise, Meerut II

2015 (9) TMI 1205 - CESTAT NEW DELHI

Demand of interest - Whether the appellant is required to pay interest for the intervening period where they have reversed the cenvat credit taken wrongly by them - Held that:- In the case of Bill Forge, the Hon’ble Karnataka High Court has taken not .....

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re utilization, in that situation, interest is not payable, the said view of the Hon’ble High Court of Karnataka was followed by this Tribunal in Gurmehar Construction vs. CCE, Raipur (2014 (7) TMI 849 - CESTAT NEW DELHI). In this case also, it is th .....

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owing the decision of Gurmehar Construction vs. CCE, Raipur (supra). The adjudicating authority if desires, may call for the records to verify the fact that during the intervening period, sufficient amount way lying in the cenvat credit account. - Ap .....

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CDR Per Ashok Jindal : The short issue involved in the matter is whether the appellant is required to pay interest for the intervening period where they have reversed the cenvat credit taken wrongly by them. 2. Heard the parties. 3. Learned AR relied .....

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onstruction vs. CCE, Raipur [2014 (36) STR 545 (Tri-Del)]. 5. Heard the parties. Considered the submissions. 6. In the case of Bill Forge, the Hon ble Karnataka High Court has taken note of the decision of Honble Apex Court in Ind-Swift Laboratories .....

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