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Central Excise - Highlights / Catch Notes

Home Highlights February 2015 Year 2015 This

Since, in this case the wrong utilisation of the AED (GSI) ...

Central Excise

February 18, 2015

Since, in this case the wrong utilisation of the AED (GSI) credit pertaining to period prior to 01/04/2000 has taken place in 2003 immediately after amendment to Rule 3 (6) of the Cenvat Credit Rules, 2002, the interest liability under Section 11AB would start from 1st day of the month succeeding the month in which the wrong utilisation had taken place till the payment of wrongly utilised credit. - AT

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