Mere Availment of CENVAT Credit without Utilisation will Attract Interest at an Appropriate Rate: CESTAT [Read Order]

By Siva Lakshmi M - On April 29, 2023 11:30 am - 2 mins read

Mere Availment of CENVAT Credit - Availment of CENVAT Credit - Availment of CENVAT Credit without Utilisation - Attract Interest - CESTAT - Customs - Excise - Service Tax - Taxscan

The Ahmedabad bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), held that mere availment of CENVAT Credit without its utilisation will attract interest at an appropriate rate. The appellants, Deep Industries Ltd., erroneously availed 50% of CENVAT credit of excise duty in the year 2009-10. A Show Cause Notice was issued for recovery…

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