Interest not leviable when wrongly availed Cenvat credit is not utilized

National Aluminium Company Limited Vs Commissioner of Central Excise & Service Tax (CESTAT Kolkata) CESTAT Kolkata held that as per substituted provisions of Rule 14 of the CENVAT Credit Rules, interest is not leviable where wrongly availed credit is only taken but not utilized. Facts- Due to a clerical error, the Appellant had inadvertently taken CENVAT Credit on duty paid documents twice. On realising its mistake, the Appellant suo-moto reversed such credit taken by it. The said facts are not in dispute. The Ld. Adjudicating authority observed that although the Appellant has reversed the...