Interest not Payable for Intervening Period when Sufficient Balance is Maintained in CENVAT Credit Account: CESTAT [Read Order]

The Tribunal held that since no demand is confirmed against the appellant, penalty is not imposable on the appellant
By Yogitha S. Yogesh - On August 24, 2024 11:25 am - 2 mins read
Interest not payable CENVAT - CESTAT Kolkata ruling - Intervening period interest - CENVAT Credit interest - Taxscan

The Kolkata Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that interest not payable for intervening period when sufficient balance is maintained in CENVAT Credit Account. TIL Limited, the appellant or assessee is in the business of providing ‘management, maintenance, and repair services’ to their clients. During the impugned period, the…

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