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Central Excise - Highlights / Catch Notes

Home Highlights July 2013 Year 2013 This

Interest on reversal of cenvat credit - Assessee had not taken ...

Central Excise

July 23, 2013

Interest on reversal of cenvat credit - Assessee had not taken or utilized the Credit but only availed wrong credit in their account books and on pointing out the mistake, immediately reversed the entry. As no benefit of wrong entry in account books was taken, interest is not payable - AT

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