Interest on Wrongly Taken Cenvat Credit: CESTAT upholds Demand Recovery of 5 Years Period [Read Order]

CESTAT upheld the demand recovery of 5 years in the matter regarding interest on wrongly taken cenvat credit
CESTAT - CESTAT Allahabad - Cenvat Credit - CESTAT on interest recovery - CENVAT credit interest recovery - taxscan

The Allahabad Bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) upheld the demand recovery of 5 years in the matter regarding interest on wrongly taken cenvat credit. The appellant is registered with the Central Excise and engaged in the manufacture of Parts of Vehicles, Parts of Air Conditioners, etc. falling…

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