TMI Blog2015 (10) TMI 667X X X X Extracts X X X X X X X X Extracts X X X X ..... his Court in (The Commissioner of Central Excise v. M/s. Sundaram Fasteners Limited) [2014 (2) TMI 551 - MADRAS HIGH COURT]. Since the issue involved in this appeal is squarely covered by the said decision, applying the said decision, the appeal filed by the Revenue stands allowed - Decided in favour of Revenue. - C.M.A. No. 116 of 2011 - - - Dated:- 31-1-2014 - Chitra Venkataraman and T.S. Siv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lling under CETH No. 8413 30 10, 8409 99 30, 8421 23 00 of the Central Excise Tariff Act, 1985 and are availing Cenvat credit on inputs, capital goods and input services. During the course of verification of return filed for the periods 2007-08 and 2008-09, the Department noticed that the assessee had wrongly availed Cenvat credit to the tune of ₹ 1,05,66,981/- against the invoices for purch ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... appeal, which is admitted on the substantial question of law referred supra. 4. We have heard the learned Counsel for the parties and perused the materials placed on record. 5. The issue relating to whether interest is payable for having wrongly taken credit in terms of Rule 14 of Cenvat Credit Rules read with Section 11AB of Central Excise Act, 1944 came up for consideration before this Co ..... X X X X Extracts X X X X X X X X Extracts X X X X
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