Central Excise - Levy of interest under Rule 14 of the Cenvat Credit...

Central Excise

Levy of interest under Rule 14 of the Cenvat Credit Rules, 2004 (CCR) read with Section 11AB of the Central Excise Act, 1944 - amount of Cenvat credit taken inadvertently but not utilized - In the present case, since the Appellant had sufficient credit balances, there would be no loss of Revenue to the exchequer. - Demand of interest set aside - AT

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