Cenvat credit
This query is : Resolved
28 February 2014
some amount is taken as cenvat credit in june and now in august, credit taken is reversed, whether assessee liable to any interest? and thanx in advance
28 February 2014
CENVAT credit which was wrongly availed and later reversed attracts interest. Accordingly you have to pay interest for wrong availment of CENVAT credit.
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