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Central Excise - Highlights / Catch Notes

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Interest on wrong availiment of cenvat credit - The word ‘OR’ ...


Interest Applies on Wrong CENVAT Credit Availment u/r 14, Even if Credit Not Utilized.

November 18, 2013

Case Laws     Central Excise     AT

Interest on wrong availiment of cenvat credit - The word ‘OR’ found in Rule 14 cannot be read as ‘AND’. - The assessee’s contention that they did not utilize this credit towards payment of duty cannot be accepted - AT

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