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Central Excise - Highlights / Catch Notes

Home Highlights November 2018 Year 2018 This

Liability of Interest - reversal of credit before utilization - ...


Interest on CENVAT Credit Arises Only if Wrongly Availed and Utilized as per Amended Rule 14.

November 5, 2018

Case Laws     Central Excise     AT

Liability of Interest - reversal of credit before utilization - As per the amended Rule 14 w.e.f. 01.03.2015, the interest is chargeable for the act of wrong availment of credit only when the assessee wrongly availed and utilized the cenvat credit

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