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Central Excise - Highlights / Catch Notes

Home Highlights December 2015 Year 2015 This

Demand of interest on reversal of CENVAT Credit - appellant ...


Court Rules Interest Demand on CENVAT Credit Reversal Unjust; Appellant Acted Appropriately Despite Initial Ineligibility.

December 16, 2015

Case Laws     Central Excise     HC

Demand of interest on reversal of CENVAT Credit - appellant could not have acted any other way than the way they did. In the circumstances, holding that credit was not admissible and was taken without eligibility and therefore asking them to pay interest was not correct. - HC

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